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Abbreviations and Acronyms

ACU

Australian Carbon Unit, issued under the carbon pricing mechanism

ACCU

Australian Carbon Credit Unit, issued under the Carbon Farming Initiative

AR2

Second Assessment Report of the Intergovernmental Panel on Climate Change

AR4

Fourth Assessment Report of the Intergovernmental Panel on Climate Change

BAU

business-as-usual

CO2

carbon dioxide, a greenhouse gas

CO2-e

carbon dioxide equivalent

CCS

carbon capture and storage

CDM

Clean Development Mechanism of the Kyoto Protocol

CER

Certified Emission Reduction unit, created under the Clean Development Mechanism

CFC

chlorofluorocarbon

CFI

Carbon Farming Initiative

CGE

computable general equilibrium (model)

CH4

methane, a greenhouse gas

COAG

Council of Australian Governments

CSG

coal seam gas

DIICCSRTE

Department of Industry, Innovation, Climate Change, Science, Research and Tertiary Education

DoE

Department of the Environment

EEO

energy efficiency opportunities

EOR

enhanced oil recovery

EU

European Union

EUA

European Union Allowance, emissions rights issued under the EU ETS

EU ETS

European Union Emissions Trading System

EV

electric vehicle

GDP

gross domestic product

GGAS

Greenhouse Gas Reduction Scheme, a New South Wales policy to reduce emissions

GNI

gross national income

GJ

gigajoule (energy, one billion (109) Joules)

Gt

gigatonne (mass, one billion (109) metric tonnes)

GTEM

global trade and environment model

GW

gigawatt (power, one billion (109) watts)

GWh

gigawatt-hour (energy, equal to 3.6 TJ)

GWP

global warming potential

HCFC

hydrochlorofluorocarbon, a greenhouse gas

HEV

hybrid electric vehicle

HFC

hydrofluorocarbons, a greenhouse gas

ICEV

internal combustion engine vehicle

IEA

International Energy Agency

IPCC

Intergovernmental Panel on Climate Change

Kt

kilotonne (mass, one thousand metric tonnes)

LCOE

levelised cost of electricity

LNG

liquefied natural gas

LULUCF

land use, land use change and forestry

MMRF

Monash Multi-Regional Forecasting (model)

MJ

megajoule (energy, one million (106) Joules)

Mt

megatonne (mass, one million metric tonnes)

MW

megawatt (power, one million watts)

MWe

megawatt electric

MWh

megawatt hour (energy, equal to 3.6 GJ)

N2O

nitrous oxide, a greenhouse gas

NEM

National Electricity Market

NGER

National Greenhouse and Energy Reporting

NGGI

National Greenhouse Gas Inventory

PFC

perfluorocarbon, a greenhouse gas

PHEV

plug-in hybrid electric vehicle

PJ

petajoules (energy, 1015 joules)

ppm

parts per million

PPP

purchasing power parity

QELRO

quantified emission limitation or reduction objective, form of national carbon budget used in the Kyoto Protocol

REC

renewable energy certificates

RET

Renewable Energy Target

SF6

sulphur hexafluoride, a greenhouse gas

t

tonne (mass, one metric tonne)

TJ

terajoules (energy, 1012 joules)

TWh

terawatt-hour (energy, equal to 3.6 PJ)

UNEP

United Nations Environment Programme

UNFCCC

United Nations Framework Convention on Climate Change