The Clean Energy Regulator’s (CER) latest Quarterly Carbon Market Report (QCMR) shows that carbon markets are at an important juncture with key developments including:

We have released the first stage of the new Unit and Certificate Registry, which is a world-class system designed to support Australia’s expanding carbon and environmental markets.

We recently held Safeguard Mechanism forums across the country. The events in Melbourne, Sydney, Brisbane and Perth brought together industry stakeholders to discuss the latest scheme updates. Attendees also had the opportunity to engage with our staff face-to-face and ask questions.

Key topics covered included:

This audit template is for auditors preparing an engagement report for an emissions-intensity determination audit under the Safeguard Mechanism.

The compliance update for July to September 2024 is now available.

We take compliance action to ensure the integrity of our schemes. The update sets out our expectations of compliance by scheme participants and highlights the areas of focus for compliance action.

It features updates on our key compliance activities for the quarter:

Total added renewable energy capacity could exceed 7 gigawatts (GW) this year—a combination of an upgraded estimate of 3-4 GW large-scale wind and solar reaching first generation and an estimated 3.1 GW of small-scale rooftop solar, according to the Clean Energy Regulator’s (CER) Quarterly Carbon Market Report (QCMR) for Q2 2024.

Acting CER Chair Mark Williamson said, ‘new power station approved capacity under the Large-scale Renewable Energy Target is increasing.’