The Australian Government has met its emissions reduction target under the second commitment period (CP2) of the
As part of its
Nationally Determined Contribution under the Paris Agreement, Australia voluntarily committed not to use Commonwealth held Kyoto units surplus to our 2020
Cancun Agreement or
Kyoto Protocol emission target requirements, to meet its Paris Agreement targets.
The Clean Energy Regulator carried out several key accounting transactions through the
Australian National Registry of Emissions Units (ANREU) to show Australia meeting its international commitments.
Kyoto units are issued in accordance with the
Kyoto Protocol Rules. Each unit represents 1 tonne of carbon dioxide equivalent (tCO2-e).
Kyoto units are
not the same as Kyoto Australian carbon credit units (Kyoto ACCUs). Kyoto ACCUs are Australia’s domestic unit issued under the
ACCU Scheme. The transactions were done before the deadline of 9 September 2023, during the
The key transactions were:
The Commonwealth Holding Account in the ANREU now holds no Kyoto units. Kyoto unit holdings in all ANREU accounts are published under
An international review process in early 2024 will confirm Australia’s compliance with the CP2 target.
About The Clean Energy Regulator
Carbon Pricing Mechanism
National Greenhouse And Energy Reporting
Renewable Energy Target
Emissions Reduction Fund
Our Systems And Their Resources
Clean Energy Markets
Data and information
Emissions Reduction Assurance Committee
Subscribe to email updates
Information Publication Scheme
Freedom of Information
The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.