Introduction
Since our
last legal update detailing recent developments relating to the
Carbon Farming Initiative (CFI), activity levels
have been high in connection with the CFI. Indeed, we have been
very busy advising our clients on variations to existing
methodology determinations, preparation of new methodology
determinations, proposals to amend the positive list, preparation
of recognised offset entity and project declaration applications,
funding opportunities and structuring of CFI project development
investments.
The Clean Energy Regulator (CER) and Department
of Climate Change and Energy Efficiency (DCCEE)
have also been busy, with the latter releasing new draft Guidelines
for submitting CFI methodologies and a discussion paper on the
non-Kyoto Carbon Fund. The CER has achieved a major milestone with
the issuing of the first tranche of Australian Carbon Credit Units
(ACCUs). This legal update details these latest
developments.
