How this affects you:
The Australian Government has taken two further, significant
steps towards readying itself for the commencement of an emissions
trading scheme and to facilitate participation in the global carbon
market.
On 30 September 2009, the Government established the Australian
National Registry of Emissions Units (ANREU) and
the Australian National Authority (ANA), discussed
in more detail below.
Australian National Registry
International linkage
Under the Kyoto Protocol, Australia is required to establish a
registry that tracks holdings and transfers of the various forms of
international carbon units defined under the Kyoto Protocol. The
establishment of the ANREU fulfils this obligation and will enable
organisations or individuals wishing to hold Kyoto units in
Australia to do so. Until now, organisations wanting to trade in
international Kyoto units were obliged to establish accounts with
registries in countries such as Switzerland or the UK.
