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The Australian carbon exchange will be developed over a three-year project timeline.
The 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 process.
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.
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:
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.
Between Quarter 2 and Quarter 3, 2022.
Between Quarter 4, 2022 and Quarter 1, 2023.
Between Quarter 1 and Quarter 2, 2023.
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.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.