Accelerating carbon abatement for Australia by providing a national online registry for emissions units
The Australian National Registry of Emissions Units (ANREU) contributes to a reduction in Australia's net greenhouse gas emissions by providing a secure online system for tracking Australia's obligations under the Kyoto protocol. It also allows for the issuance and exchange of ACCUs, the currency used in the Emissions Reduction Fund.
During 2015–16 the Australian National Registry of Emissions Units was available for public access 99.9 per cent of the time, operated in accordance with international requirements and standards, and supported 940 accounts and 924 transactions.16
The Australian National Registry of Emissions Units is a secure electronic system designed to track the location and ownership of ACCUs issued under the Emissions Reduction Fund, and emission units issued under the Kyoto Protocol.
The system supports various transactions including the issuance, holding, acquisition, transfer, surrender, cancellation, relinquishment, retirement and carry-over of units.
Organisations and individuals are required to have an account with the Australian National Registry of Emissions Units if they wish to own, transfer, cancel, relinquish or deliver Kyoto units or ACCUs.
The Australian National Registry of Emissions Units operates in accordance with the United Nations Framework Convention on Climate Change requirements and data exchange standards. It meets the technical and security standards required of all national registries under the Kyoto Protocol, complying with the international emissions unit trading framework established under the protocol. It links with the international carbon market through the International Transaction Log, which is managed by the United Nations Framework Convention on Climate Change Secretariat.
Personal information of Australian National Registry of Emissions Units account holders is confidential and not published.
In 2015–16 the Australian National Registry of Emissions Units was available for public access 99.9 per cent of the time (excluding scheduled maintenance).
924 transactions through the Australian National Registry of Emissions Units.
As at 30 June 2016, the Australian National Registry of Emissions Units had 940 accounts held by organisations and individuals. There were 1 253 users associated with those accounts. During the year, the Australian National Registry of Emissions Units supported a total of 924 transactions during the year.
Notes: The surrender and purchase totals are zero this year, following the repeal of the carbon pricing mechanism. The definitions for the above transactions are in the Glossary.
As a result of the repeal of the carbon pricing mechanism there was no surrender or purchase activity in 2015–16, resulting in a decrease in the total number of transactions in the Australian National Registry of Emissions Units. However, there was a significant increase in voluntary cancellations by account holders to offset carbon emissions. Delivery of units under the Emissions Reduction Fund resulted in 141 delivery transactions in 2015–16. There was also an increase in international transfers as a result of the Voluntary Waste Industry Protocol.
141 AUSTRALIAN NATIONAL REGISTRY OF EMISSIONS UNITS TRANSACTIONS OCCURRED UNDER THE EMISSIONS REDUCTION FUND.
Image acknowledgment: Courtesy of Country Carbon. Balurga Savanna Burning Station, Queensland, Emissions Reduction Fund.
From dynamic application forms to built-in calculators and automation, we are using innovative technology to improve the way we work. This, in turn, is reducing the regulatory burden on our clients and other stakeholders.
For example, we have introduced 'smart' forms for Emissions Reduction Fund participants applying to receive Australian carbon credit units (ACCUs) and to participate in auctions. We also enhanced the project registration form. Scheme participants with registered projects can earn one ACCU for each tonne of carbon dioxide equivalent stored or avoided by their project. The smart forms create dynamic questions, driven by existing information about the client and project. A bulk-upload capacity for projects with multiple locations and activities will improve data quality and efficiency into the future, while consolidated, detailed guidance will make it easier for our clients to report.
We have also improved the user interface for clients reporting under the National Greenhouse and Energy Reporting scheme, adding built-in calculators, enhancing the capability for generating reports and improving readability.
The new process for appointing Renewable Energy Target inspectors is another example of how streamlining is enabling us to deliver higher service levels to our clients, reduce regulatory burden, support our risk management approach, and more efficiently allocate resources. The new inspector application process aligns document certification requirements with the other schemes we administer and incorporates a checklist to make the application easier. We are also providing training material up front, enabling people to fully understand the inspector's role and obligations before submitting an application. This streamlined process assists in applicant self-selection and minimises the number of interactions required, reducing the overall application assessment timeframe.
In addition, this year we consolidated three legacy Client Relationship Management systems into one system to service all our schemes. This is enhancing whole-of-agency awareness about our clients and their industries, and facilitating better coordination across our agency.
16 The previous year's data included transactions relating to the carbon pricing mechanism, which ceased in February 2015. This resulted in a smaller number of transactions in 2015–16 compared with 2014–15.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.