Elements and Performance Criteria
- Comply with regulatory framework unique to emissions markets
- Identify domestic and international regulatory framework within which emissions reduction schemes are placed
- Identify key legislation, regulation and industry codes of practice relevant to operating within Australian emissions markets
- Comply with relevant legal and regulatory principles when operating in emissions markets
- Discuss regulatory risk for both voluntary and regulated emissions markets, and determine possible impacts of pending regulatory or legislative change
- Evaluate scope and impact of emissions markets
- Identify regulated and voluntary carbon markets and outline how they operate
- Distinguish respective supply and demand drivers for voluntary and regulated markets
- Describe price drivers for emissions products
- Differentiate participants in carbon markets and motivations for their participation
- Distinguish functions of primary and secondary emissions markets
- Discuss auction types and processes
- Describe functions, requirements and rules for registries
- Identify types of emissions products, their characteristics and liabilities
- Compare different types of emissions products and instruments traded in compliance and voluntary markets
- Identify key features of compliance market products
- Describe risks inherent within each product and their potential impact in given context
- Describe transactional processes for each product, including acquiring, transferring and surrendering
- Describe tax treatment of emissions products, including deductibility of costs where relevant
- Apply knowledge of emissions products
- Determine relevant information influencing the market
- Analyse relevant information when selecting products for emissions markets transaction
- Devise strategies for using emissions market products
- Seek advice, guidance and specialist expertise when required
- Apply knowledge of financial market transactional processes when operating in emissions markets
- Complete relevant documentation and complete any additional organisational processes
- Maintain emissions market knowledge
- Review relevant emissions trading markets sources regularly and apply any changes in daily work
- Maintain professional competence in market knowledge in accordance with codes of conduct and/or organisational requirements
- Implement processes for maintaining up-to-date knowledge of relevant aspects of emissions trading markets