The Carbon Credits (Carbon Farming Initiative) Act 2011 (the CFI Act) requires the Clean Energy Regulator to publish quarterly reports about the number of Australian carbon credit units (ACCUs) it has issued (s 161). Regular and accurate information about the supply of ACCUs can facilitate the establishment of the market, including in relation to price discovery.
Each ACCU represents at least one tonne of carbon dioxide equivalents (CO2-e). ACCUs may be issued for eligible offsets projects that avoid or reduce greenhouse gas emissions to the atmosphere as well as those that store carbon from the atmosphere in vegetation, dead organic matter and soil.
The CFI Act began operations on 8 December 2011.
This report for Q1 of 2014-2015 provides information for the time period of 1 July 2014 to 30 September 2014. It also includes number of ACCUs issued in financial years 2011-12, 2013-13 and 2013-14 and total ACCUs issued over the life of the scheme.
For more information about types of ACCUs refer to the Clean Energy Regulator's About ACCUs fact sheet and types of units.
1 from scheme commencement, 8 December 2011.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.