Projects under the carbon capture and storage (CCS) method can earn Australian carbon credit units (ACCUs) by transporting and permanently storing greenhouse gases underground.

When to use this method

The CCS method may be suitable for your business if you can reduce emissions and permanently store them underground from:

  • industrial processes
  • oil and gas activities.

You can find out more about the CCS method and project requirements by referring to our full CCS method guide.

Legislation

Eligibility

To be eligible, all CCS projects must have a new greenhouse gas source. This includes greenhouse gases that are:

  • generated from a new capture point of an industrial process
  • extracted from a hydrocarbon field.

You must submit a CCS project plan when registering your project. It should include:

  • all the project's capture points, pipelines, processing units, and injection points
  • characteristics and operation of the storage site including monitoring and reporting activities
  • how the longer-term risk of abatement reversal from the storage site will be managed
  • information about any workplace health and safety plan covering the operation that is required.

This method has a substitute newness requirement. Projects under this method can be eligible if they use existing capture points to store greenhouse gases extracted from a new oil or gas field.

You must meet all other general eligibility requirements for the Australian Carbon Credit Unit (ACCU) Scheme.

Relevant legislation

  • Part 3 of the Act
  • Part 3 of the method

Projects at safeguard facilities

Safeguard facilities must meet specific eligibility criteria to run new ACCU Scheme projects or activities.

Exclusions

The CCS method excludes:

  • activities with the effect of enhanced oil or gas recovery
  • storage of carbon dioxide captured via direct air capture technologies.

Relevant legislation

  • Section 7 of the method

Method requirements

Documents and resources

Explore all ACCU Scheme guidance using the guidance library.