SUBSCRIBE
PROFILE

Australia adopts new model for generating local carbon credits

Australia now allows market participants to propose new methodologies for generating local carbon credits, marking a change from the previous government-led approach.

Share:

Méthodologies Crédits Carbone Australie

Gain full professional access to energynews.pro from 4.90€/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90€/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90€/month

*Special launch offer: 1st month at the indicated price, then 14.90 €/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99€/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99€/year

*Introductory annual price for year one, automatically renewed at 149.00 €/year from the second year.

Sign up for free to unlock this article

Australia has launched an innovative process enabling market participants to submit new methodologies for generating local carbon credits. The move follows the recommendations of an independent panel led by former Chief Scientist Ian Chubb, to assess the integrity of Australia’s current carbon credit scheme (ACCU).

Encouraging innovation and flexibility

Australia’s Minister for Energy and Climate Change, Chris Bowen, said the new model should encourage more innovative approaches to reducing carbon emissions and increase the supply of ACCU credits to support Australia’s carbon neutrality target. This initiative follows the expiration of popular methodologies such as Human Induced Regeneration in 2023, leaving project developers with few large-scale options.

Submission process and evaluation

Under this new process, market participants can register a method with ERAC (Emission Reduction Assurance Committee). All ideas will be published on a tracking platform to promote transparency and collaboration. Participants then submit an EOI (expression of interest) with details of the proposal, which will be evaluated by ERAC according to criteria such as scale of mitigation and complexity of the proposal.

Challenges and opportunities

Carbon Market Institute CEO John Connor pointed out that the government-led development process had proved too slow, with none of the five new 2022 priorities finalized. The new process could speed things up, although concerns remain about the resources available within DCCEEW to manage proposals.

International comparisons

China used a similar approach for its voluntary carbon market in 2012, but had to suspend its scheme in 2017 due to integrity issues. To avoid these problems,Australia will need to provide clear guidelines and templates detailing the level of detail required.
Australia’s new model for generating local carbon credits promises to stimulate innovation and support the country’s carbon neutrality goals. However, its success will depend on the effective management of resources and the establishment of clear guidelines to guarantee the integrity of the proposed methodologies.

  • Popular on energynews.pro
Global renewable energy investments reach $386 billion in first half
Enbridge deploys two new gas projects for 2.8 Bcf/d in the United States
Dongfang Electric installs 26 MW offshore wind turbine, a world record
TotalEnergies secures two new offshore permits in the West Delta basin
Political crisis in France: energy roadmap threatened by new delay
France: RTE launches public debate on €100 billion for the power grid
France opens a national consultation on RTE’s plan to invest €100 billion by 2040 to modernise the high-voltage electricity transmission grid.
California speeds up permits to secure federal tax credits
Governor Gavin Newsom orders state agencies to fast-track clean energy projects to capture Inflation Reduction Act credits before deadlines expire.
German industry warns of €5.4tn energy burden by 2049
Germany’s energy transition could cost up to €5.4tn ($6.3tn) by 2049, according to the main industry organisation, raising concerns over national competitiveness.
Power cuts plunge Iranian businesses into lasting operational crisis
Facing blackouts imposed by the authorities, small businesses in Iran record mounting losses amid drought, fuel shortages and pressure on the national power grid.
T Plus to maintain electricity production at 57.6 TWh in 2025
Russian group T Plus plans to stabilise its electricity output at 57.6 TWh in 2025, despite a decline recorded in the first half of the year, according to Chief Executive Officer Pavel Snikkars.
French energy regulator corrects ten public claims on costs and production
In France, the Commission de régulation de l’énergie issues a clarification on ten statements shared over the summer, correcting several figures regarding tariffs, production and investments in the electricity sector.
Dozens of scientists denounce climate report deemed biased by US Department of Energy
A group of 85 researchers challenges the scientific validity of the climate report released by the US Department of Energy, citing partial methods and the absence of independent peer review.
Five new projects obtain CB RES status and join the Commission list
Five energy infrastructure projects have been added to the list of cross-border renewable projects, making them eligible for financial support under the CEF Energy programme.
Tanzania bets on compressed natural gas to cut oil imports
The Tanzanian government launches a national consultation to accelerate the rollout of compressed natural gas, mobilising public and private financing to secure energy supply and lower fuel costs.
Kuwait launches tenders for 1.8GW energy and water project
The Kuwaiti government has invited three international consortia to submit bids for the first phase of the Al Khairan project, combining power generation and desalination.
NNPC Ltd keeps Port Harcourt refinery and focuses on rehabilitation
Nigeria’s state-owned oil company abandons plans to sell the Port Harcourt refinery and confirms a maintenance programme despite high operating costs.
EIA delays key reports after 30% staff reduction
The US Energy Information Administration reschedules or cancels several publications, affecting the availability of critical data for oil, gas and renewables markets.
Brazil dismantles criminal fuel network worth BRL52bn
Brazilian authorities have launched a large-scale operation targeting a money laundering system linked to the fuel sector, involving investment funds, fintechs, and more than 1,000 service stations across the country.
Natural gas and solar receive broad support across the United States
A national study by the Davies Group reveals widespread American support for the simultaneous development of both renewable and fossil energy sources, with strong approval for natural gas and solar energy.
Seoul Imposes 25% Cut in Petrochemical Capacity to Stabilize the Sector
The South Korean government compels ten petrochemical groups to cut up to 3.7 million tons of naphtha cracking per year, tying financial and tax support to swift and documented restructuring measures.
Washington extends emergency orders to strengthen Puerto Rico’s power grid
The U.S. Department of Energy has extended until November the emergency measures aimed at ensuring the stability of Puerto Rico’s power grid against overload risks and recurring outages.
Modi Defends India’s Energy Autonomy Amid U.S. Tariff Pressure
Under threat of increased U.S. tariffs, New Delhi is accelerating its energy independence strategy to reduce reliance on imports, particularly Russian oil.
800-Million-Dollar Agreement: Tsingshan Triggers an Energy Recomposition in Zimbabwe
With a new $800 million investment agreement, Tsingshan expands the Manhize steel plant and generates an energy demand of more than 500 MW, forcing Zimbabwe to accelerate its electricity strategy.
United States: Batteries Offset Solar and Wind Slowdown in 2025
U.S. electric storage capacity will surge 68% this year according to Cleanview, largely offsetting the slowdown in solar and wind projects under the Trump administration.
Massive power outage in Iraq after losing 6,000 MW of capacity
A nationwide blackout left Iraq without electricity for several hours, affecting almost the entire country due to record consumption linked to an extreme heatwave.

Log in to read this article

You'll also have access to a selection of our best content.