ACCU Scheme reviews
The Climate Change Authority is required to review the Carbon Credits (Carbon Farming Initiative) Act 2011(Opens in a new tab/window) (the CFI Act), which supports the Australian Carbon Credit Unit (ACCU) Scheme every 3 years.
The ACCU Scheme enables eligible projects to generate carbon credits – known as ACCUs – by undertaking activities that either reduce emissions or store carbon, removing it from the atmosphere. Each ACCU represents one tonne of carbon dioxide equivalent (t CO₂-e) sequestered or avoided. These units can be sold to entities with emissions reduction compliance obligations, for example under the Safeguard Mechanism, or to voluntary buyers looking to offset their emissions.
The Clean Energy Regulator administers the ACCU Scheme(Opens in a new tab/window), with methodologies endorsed by the Emissions Reduction Assurance Committee(Opens in a new tab/window) and approved by the Minister for Climate Change and Energy.
