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ARTICLE · 10 JULY 2024

Australia's transition to clean energy: embracing the GO scheme

Holding Redlich
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Guarantee of Origin Scheme (GO Scheme) aligns with Australia's strategy of net zero carbon emissions by 2050

AustraliaEnvironment

The Guarantee of Origin Scheme (GO Scheme) is an emerging, internationally aligned strategy that compliments the Commonwealth's legislated goal of achieving net zero carbon emissions by 2050.

Through the GO Scheme, producers of renewable energy can make credible low emissions claims about their products, unlocking opportunities for trade, decarbonisation and investment while fostering a robust renewable energy market both domestically and internationally.

The GO Scheme will primarily function through the creation of certificates, which allow for the recording and tracing of information regarding renewable energy products. These certificates can then be traded for financial benefit, surrendered to claim renewable energy benefits or traded to ensure transparency and informed decision making in the market.

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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