The Emissions Reduction Assurance Committee (ERAC) is an independent statutory committee established under the
Carbon Credits (Carbon Farming Initiative) Act 2011 (the Act).
ERAC assess the compliance of methodology determinations (methods) against the Offsets Integrity Standards to ensure the continued integrity of the
Emissions Reduction Fund.
Advice provided to the Minister by the ERAC is published on the
Department of Industry, Science, Energy and Resources' website and the Clean Energy Regulator’s
method consultation page.
The Offsets Integrity Standards are the
legislated criteria that all methods under the Emissions Reduction Fund must meet to ensure carbon credits issued under methods represent real emissions reductions that may be counted towards meeting Australia’s emissions reduction obligations.
The ERAC has developed an information paper to provide information on how the committee interprets the Offsets Integrity Standards. This paper is not a legal instrument and will be updated from time to time to explain new considerations relating to the interpretation of the standards.
documentasset:Information Paper on the Offsets Integrity Standards
The ERAC conducts 2 types of method reviews.
All reviews have a period of public consultation. ERAC considers submissions and advises the Minister on the outcome of their reviews. If the review recommends changes to a method, a method variation may be undertaken, and the changes will be:
The Clean Energy Regulator supports the ERAC to undertake public consultation. See previous consultations and reviews on the Department’s
Projects can still be registered with the
Clean Energy Regulator while a method is under review unless the ERAC has issued a legislative instrument under section 27A of the Act suspending applications under the method.
The ERAC Secretariat provides support to the ERAC to perform its functions and is the primary point of contact for the ERAC.
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