The Clean Energy Regulator is calling for expressions of interest (EOI) to accelerate the emergence of an exchange traded market for emissions offsets, in effect an Australian carbon exchange. The exchange will make the trading of Australian carbon credit units (ACCUs) simpler, supporting rapidly increasing voluntary demand from the corporate sector.
The development of an Australian carbon exchange will support industry by increasing market transparency including pricing, slashing transaction costs and reducing red tape, while accelerating emissions reduction and providing a boost to Australia’s economic recovery.
Facilitating a carbon exchange and increasing the supply of ACCUs will support businesses and governments in delivering against their voluntary emission reduction commitments at the lowest possible cost.
It is estimated that by 2030, the exchange will save business up to $100 million in transaction costs associated with trading ACCUs.
For further information, go to AusTender – Australian carbon exchange requirements – Tender number: CER-006121. The expression of interest will close at 2 pm AEST on Friday 11 June 2021.
An information session will be held at the Sofitel Darling Harbour at 2 pm AEST on Tuesday 11 May 2021. Bookings for this session must be made through Eventbrite. More information can be found on AusTender. Questions for the information session must be submitted in writing to DigitalProcurement@cleanenergyregulator.gov.au before noon AEST on Friday 7 May 2021.