Project timeline

Expressions of interest received

The Clean Energy Regulator’s call for expressions of interest to accelerate the emergence of an exchange traded market for emissions offsets, closed at 2pm AEST Sunday 20 June 2021.

Successful respondents selected

The Clean Energy Regulator has assessed responses to the expressions of interest. Respondents have been notified on the outcome, with an invitation to participate in the procurement stage - Request for Proposals - sent to a shortlist of 13 parties.

A shortlist of 13 companies have been invited to participate in the Request for Proposal:

2 for Part A (the provision of exchange trading and related market services)
6 for Part B (provision of registry related services)
5 parties for both Parts A and B.

This effectively means there could be 7 tenders for the provision of exchange trading and related market services and 11 tenders for registry related services.

Request for Proposal period

The Request for Proposal was released on 31 March 2022. An initial 4 week extension to the deadline was granted, followed by a further 2 week extension. These extensions were requested by some parties proposing to tender. The closing date of the RFP is now 2pm AEST, 11 July 2022.

We do not envisage that that any further extensions will be warranted.

Evaluation of Request for Proposal tenders

Between Quarter 2 and Quarter 3, 2022.

Decision on preferred party or parties to contract with

Between Quarter 4, 2022 and Quarter 1, 2023.

Contract finalisation

Between Quarter 1 and Quarter 2, 2023.

System delivery and integration

2023.

Launch of the Australian Carbon Exchange

It is difficult to predict the timeframes. The launch date for the exchange will depend on the responses to the Request for Proposal. However, at this stage, the Clean Energy Regulator anticipates it will be sometime in 2023.