Read this consultation paper to learn more about the Audit Thresholds Instrument consultation.

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:

Australian Carbon Credit Unit (ACCU) Scheme participants and Australian National Registry of Emissions Units (ANREU) account holders need to provide us with their identity documents multiple times to register new projects or open additional accounts.

We are proposing to amend the Carbon Credits (Carbon Farming Initiative) Rule 2015 and the Australian National Registry of Emissions Units Regulations 2011, so that we no longer need to request identity documents again when we have already received them for another activity.

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:

The CERT report is a voluntary initiative for eligible companies to present a snapshot of their emissions reduction and renewable electricity commitments. This workbook contains the data for all participating companies for 2024.

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.’

Read our responses to submissions we received for our plantation forestry alternative assurance consultation held from April to May 2024.