An independent expert panel is reviewing the integrity of Australian Carbon Credit Units (ACCUs) under the Emissions Reduction Fund.
The purpose of the Review is to ensure that ACCUs and Australia’s carbon crediting framework are strong and credible and will be supported by participants, purchasers and the broader community.
The Review will help ensure the integrity of the system in contributing to Australia’s emissions reduction targets, strengthen the carbon market and support reforms to industrial facilities covered by the Safeguard Mechanism.
The Review will consider how well the system contributes to regional economies and the broader community; and whether the right processes are in place to avoid adverse impacts.
The Review Panel will provide the government a report with recommendations by 31 December 2022.