Issue of Australian carbon credit units
When the project proponent has received a certificate of entitlement, Australian carbon credit units will be issued by the Clean Energy Regulator into the Registry account listed on the certificate of entitlement.
Important information about Australian Carbon Credit Units (ACCUs)
- The Carbon Credits (Carbon Farming Initiative) Act 2011 (the CFI Act) allows for the issue of Kyoto ACCUs if:
- the eligible offsets project is an emissions avoidance project with a reporting period ending on or before 30 June 2012, or
- the eligible offsets project is a sequestration project with a reporting period ending on or before 31 December 2012.
- Projects that report after the Kyoto abatement deadlines must be issued with only Non-Kyoto ACCUs (NKACCU). Non-Kyoto ACCUs will be displayed in two ways within an ANREU account – NKACCU eligible and NKACCU voluntary.
- NKACCU eligible are able to be surrendered under the carbon pricing mechanism. NKACCU voluntary are able to be sold on the voluntary market and cannot be surrendered under the carbon pricing mechanism.
Publication of Australian carbon credit units
Once the Clean Energy Regulator has issued Australian carbon credit units to the Registry account, various details such as the total number of Australian carbon credit units issued and the financial year in which they are issued will be published in the Register of Offsets Projects.
Transactions involving Australian carbon credit units
Project proponents may choose to hold (own) the Australian carbon credit units or enter into the following transactions, rules permitting:
- surrender, and
Refer to the Australian National Registry of Emissions Units' supporting the Carbon Farming Initiative page and the Management of Emissions Units User Guide (PDF) for guidance on these transactions.