Act now: Safeguard Mechanism EID applications due by 30 April 2024
Many facilities are likely to face material financial implications if they don't apply for an emissions intensity determination (EID) for the 2023-24 financial year. Applications must be submitted by 30 April 2024.
Compliance update - 1 July to 30 September 2023
The compliance update for 1 July to 30 September 2023 is now available. It provides information on activities related to our compliance and enforcement priorities.
This update includes:
Safeguard Mechanism – Emissions-intensity determination application guidance and audit report template now available
The
reformed Safeguard Mechanism commenced on 1 July 2023. It applies to Safeguard facilities reporting for financial years on or after 1 July 2023. Under the reforms, existing facilities may apply for an emissions-intensity determination (EID).
Independent reviewer appointed for HIR gateway checks
The Clean Energy Regulator (CER) has engaged Associate Professor (Honorary) Cris Brack from the Australian National University to commence a review of gateway checks for human-induced regeneration (HIR) projects under the Australian Carbon Credit Unit Scheme (ACCU Scheme).
It is a legislative requirement that all HIR projects must undergo regular gateway checks to demonstrate that only land that is progressing towards forest cover is being issued ACCUs.
Safeguard Mechanism – Apply for a multi-year monitoring period by 15 November
Under the reformed Safeguard Mechanism, facilities with excess emissions in the 2022-23 reporting year may be eligible for a multi-year monitoring period (MYMP) of up to five years.
Compliance update – 1 April to 30 June 2023
The Compliance update for 1 April to 30 June 2023 is now available. It provides information on activities related to our compliance and enforcement priorities.
This update includes: