To maintain the integrity of the Australian Carbon Credit Unit (ACCU) and support Australia's carbon market, we are seeking your feedback on proposed changes to the Scheme.
In 2022, an independent panel reviewed the Australian Carbon Credit Unit (ACCU) Scheme. The panel made 16 recommendations to enhance the integrity and effectiveness of the Scheme.
The Australian Government accepted all 16 recommendations in principle and in June 2023, the ACCU Review Implementation Plan was released.
We want to hear from stakeholders including carbon farmers and academics on the implementation of these plans. The areas under consideration to improve the integrity and transparency of ACCU Scheme include:
- new ACCU Scheme Principles
- information publication requirements
- defining the ongoing role of the Australian Government as a purchaser of ACCUs
- delivering a new process for method development
- identifying Integrity Committee functions
- establishing appropriate consent requirements for Native Title consent to projects.
We are also asking for feedback on policy options to enable improvements to the ACCU Scheme including:
- moving project proponents onto new or varied methods following updates, so projects continue to comply with the offsets integrity standards
- potential amendments to the Carbon Credits (Carbon Farming Initiative) Act 2011.
You can register for in-person and online workshops around Australia.
Regional, remote and First Nations stakeholders can receive support for travel costs for in-person workshop attendance. Information on how to apply is on Independent Review of ACCUs - implementation (supporting remote, rural and First Nations workshop participants).
To access the consultation paper and make a submission visit the Have your say portal. Submissions close AEST 10 am 3 October 2023.
Your feedback will help ensure the continuous improvement of the ACCU Scheme.
Read more
Independent Review of ACCUs - implementation updates
ACCU Review Implementation Plan
