Independent Review Of Australian Carbon Credit Units Released

The panel appointed by the Australian Government to review the integrity of the Australian Carbon Credit Unit Scheme under the Emissions Reductions Fund has delivered its report. The panel rejected claims about the integrity of ACCUs and concluded the framework of the scheme is "essentially sound" but included 16 recommendations for significant changes be made including around governance and transparency.

Snapshot

The Australian Government has released a report adopting in principle all 16 recommendations made by the independent panel set up to review the integrity of the Australian Carbon Credit Unit (ACCUs) scheme under the Emissions Reductions Fund.

The scheme allows project proponents to earn ACCUs by reducing or avoiding emissions through land management practices. One credit is issued for every tonne of greenhouse gas emissions that are captured or otherwise avoided.