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 Q2 of 2013/2014 provides information for the time period of 1 October 2013 to 31 December 2013.
Current financial year: 2013-14
| Q1 | Q2 | Q3 | Q4 | ACCUs issued in 2013/14 | Total ACCUs issued (since December 2011) |
|---|
| Kyoto-ACCUs | 245,683 | 2,230,228 | 0 | 0 | 2,475,911 | 3,327,591 |
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Non-Kyoto ACCUs (eligible)
| 0 | 0 | 0 | 0 | 0 | 898,499 |
|---|
| Non-Kyoto ACCUs (voluntary) | 0 | 0 | 0 | 0 | 0 | 0 |
|---|
| Total ACCUs issued | 245,683 | 2,230,228 | 0 | 0 | 2,475,911 | 4,226,090 |
|---|
| Kyoto ACCUs relinquished | 0 | 22,941 | 0 | 0 | - | - |
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For more information about types of ACCUs refer to the Clean Energy Regulator's About ACCUs fact sheet and the Concise description of Australian carbon credit units.