Do you want to diversify your income? Do you want to reduce your carbon footprint? Are you looking to participate in Australia’s carbon market?
Whether you're a farmer, landholder, business, state government or local council, you can participate in the ACCU Scheme (formerly known as the Emissions Reduction Fund). The first step is to register your project with us via the
Planning a project to learn more about the process before you apply.
By running a project, you can earn ACCUs for emissions avoidance or storage of carbon dioxide in vegetation and soil.
Each ACCU represents one tonne of carbon dioxide equivalent (tCO2-e) greenhouse gas emissions stored or avoided. Emission avoidance projects can earn ACCUs for up to 7 years. Savanna fire management projects and those that store carbon dioxide can earn ACCUs for up to 25 years.
projects register to see the types of projects already being carried out across the country.
As part of the
implementation of the Independent Review of ACCUs, the Australian Government will consult with stakeholders on the purpose and role of the Australian Government purchasing of ACCUs. This will help inform who is the best-placed entity to host the ACCU purchasing function (recommendation 3.3). Read more about the
Independent Review of ACCUs on the Department of Climate Change, Energy, the Environment and Water’s website.
Auctions provide you with the opportunity to bid for a carbon abatement contract, which provides you the option but not the obligation, to sell ACCUs to the Commonwealth.
The ability to sell ACCUs at a set price provides you with price security while still providing the potential for more lucrative prices to be secured from private buyers.
If you are interested in participating in an auction, see more information on
Participating in an auction.
You can sell ACCUs to other purchasers including businesses and state governments through a fixed commercial agreement or on the spot market at the prevailing market price.
Businesses or other purchasers looking to source ACCUs to offset their emissions or meet emission reduction targets can:
Buying ACCUs for more information.
If you're an investor or other business wanting to participate in carbon markets, find out more information about the markets and read our latest market reports.
Quarterly Carbon Market Reports for more information.
In addition to reducing emissions and earning ACCUs, ACCU Scheme projects can provide a range of other direct benefits, called co-benefits. Co-benefits can include environmental, economic, social and cultural benefits for farmers, businesses, landholders, First Nations people and communities.
Examples of co-benefits can include:
Purchasing carbon ACCUs with co-benefits for more information.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.