Emissions Reduction Fund (ERF) projects earn Australian carbon credit units (ACCUs) for achieving carbon abatement. ACCUs can be sold to us by establishing a contract, or to other purchasers including businesses and state governments.
In addition to carbon abatement, projects may achieve a range of other environmental, economic, social and cultural benefits, called co-benefits. Examples of co-benefits include:
Businesses, state governments and other purchasers can buy ACCUs to offset emissions or meet emission reduction targets. For purchasers, ACCUs with co-benefits can offer additional value in meeting sustainability commitments.
If you wish to purchase ACCUs from projects with co-benefits, you will need to enter into a commercial agreement with the seller to buy these ACCUs.
ERF project participants, agents and other ACCU sellers often use their websites to publish information on co-benefits that may be delivered by specific projects.
You should ask the seller for information on the specific project earning the ACCUs, including the ERF project identification number (EOP or ERF number) and where you can find further information on the project.
Visit our project register and search for the project identification number to verify the project information. The Carbon Market Institute also provides information about projects with co-benefits.
Best practice commercial agreements to purchase ACCUs will specify the project details and provide assurance in relation to the authenticity of the co-benefits delivered by a project.
The Clean Energy Regulator cannot conduct checks or provide assurance on claims of co-benefits that accompany ERF projects and ACCUs. Purchasers will need to conduct their own due diligence when buying ACCUs with co-benefits.
The Australian national registry of emissions units (ANREU) is a secure electronic system that tracks the location and ownership of ACCUs under the ERF. Sellers of ACCUs can transfer them to purchasers in the ANREU.
If you intend to purchase ACCUs, you will need to open an ANREU account.
Once ACCUs have been transferred to your ANREU account, you can hover over the Project ID to see the project name. Click on the Project ID, which will take you to that project on our project register. The project register provides further information, including:
You can verify the details contained in the register against what was offered in your commercial agreement with the seller.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.