The Australian Carbon Exchange project commenced in 2021. The project aims to facilitate the emergence of an exchange trading market for Australian carbon credit units (ACCUs), connected to a new and improved Unit Register. The new Unit Register is anticipated to be launched by the end of 2023.
The project timeframes outlined are indicative only and may change subject to the outcomes of each stage of the procurement process. We will update this webpage as firmer dates become available throughout the project.
Expressions of interest received
Successful respondents selected
We invited a shortlist of 13 parties to participate in the Request for Proposal procurement stage:
- 2 for Part A (development of the Australian Carbon Exchange)
- 6 for Part B (Australian National Registry of Emission Units (ANREU) modernisation)
- 5 for both Parts A and B.
This meant 7 tenders could be received for Part A and 11 tenders for Part B.
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 potential tenderers.
Closed 11 July 2022.
Request for Proposal evaluation and contract finalisation
Expected to be finalised in Quarter 3, 2023.
System delivery and integration
Between Quarter 3, 2023 and Quarter 1, 2024.
Launch of the Australian Carbon Exchange, including the new and improved Unit Register
While it is difficult to predict the timeframes, at this stage we anticipate that ACCUs will be launched by the end of 2023 in the new Unit Register and the Australian Carbon Exchange will be launched in early 2024.