![]() Or the project may not have delivered the promised benefits like building schools, or the communities might be dissatisfied with the benefit-sharing process. Often evictions lead to human rights violations, as seen in 2019 when the Supreme Court of India ordered the forced eviction of millions of forest-dwelling people following a case filed by wildlife conservation organisations. In some cases, in order to establish projects that generate carbon credits, landowners (such as governments) may forcefully evict people living on the project area territory. But currently, in many cases, customers of the voluntary carbon market are being sold empty promises. While emissions reductions should be the primary tool in this fight, carbon capture will need to play a part in removing the already excess CO2 in the atmosphere. If humanity is to achieve the goals of the Paris Agreement, we have, at the current rate of emissions, less than seven years to achieve carbon neutrality. State and territory governments are also seeking to be carbon neutral and may source ACCUs to offset their emissions.Intended emission reductions often don't add up Canva ![]() Organisations may wish to voluntarily offset their emissions for meeting certification under theĬlimate Active Carbon Neutral Certification Standard (formerly the National Carbon Offset Standard). Both Kyoto and non-Kyoto ACCUs can be used as offsets under the safeguard mechanism. Safeguard facilities who exceed their emissions baseline are able to surrender Australian carbon credit units (ACCUs) to offset excess emissions. Under the safeguard mechanism, particular facilities are required to keep their emissions at or below a baseline set by the Clean Energy Regulator. See more information on Step 2 – Contracts and auctions Safeguard mechanism The Clean Energy Regulator will run auctions to select bidders according to price.Ĭontract holders may also purchase ACCUs from un-contracted projects to meet contractual obligations. Emissions Reduction Fund auctionsĮmissions Reduction Fund participants with a registered project may bid for a contract to sell their Australian carbon credit units to the Clean Energy Regulator. There are multiple possible sources of demand for the Australian carbon credit units (ACCUs) generated byĮmissions Reduction Fund projects, including:įor more information about the sources of demand for ACCUs, see the Clean Energy Regulator’s presentation The Clean Energy Regulator publishes a Quarterly Carbon Market Report, providing updates on market trends including the supply and demand of ACCUs in Australia.įor more information on the ACCU market, see Interactive questionnaire, which enables you to find out if your project meets the eligibility requirements. The Clean Energy Regulator provides a range of information and tools to help you directly participate in the Emissions Reduction Fund, including the Establishing an Emissions Reduction Fund project to generate ACCUs Some contracted projects may also have a surplus of ACCUs then they require to fulfil their contract.Ĭarbon abatement contract register includes information about how many ACCUs have been contracted and delivered, which may also be useful to identify projects with surplus ACCUs. ![]() Projects on this register that are not subject to a carbon abatement contract may be more likely to have ACCUs available for purchase. The information provided can be used to determine projects and agents that may have ACCUs for sale.Įmissions Reduction Fund project registerĮmissions Reduction Fund project register can also be used to determine projects and agents that may have ACCUs for sale. Market directory for organisations working in Australia's domestic carbon market to provide their contact details. The Carbon Marketplace contains information about Establishing an Emissions Reduction Fund project to generate ACCUs.Ĭarbon Market Institute’s Carbon MarketplaceĪustralia’s Carbon Marketplace is an initiative of the Carbon Market Institute with support from the Australian Government.If you wish to source ACCUs you may consider:Ĭarbon Market Institute’s Carbon Marketplace to identify parties that may have ACCUs for sale or can facilitate a sale.Įmissions Reduction Fund project register to identify parties that may have ACCUs for sale. Supporting the Emissions Reduction Fund.Australian National Registry of Emissions Units.Hydrogen Production Emissions Calculator.Contracts for carbon and renewable market trades.National Greenhouse and Energy Reporting.Compliance policy for enforceable undertakings.
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