Yingke Australia | YK LAW

Latest Development on Australian Carbon Credit Unit

Recent legislative and regulatory changes to the Australian Carbon Credit Units (ACCUs) scheme aim to enhance its integrity and efficacy. Key proposals include restructuring emissions reduction methods, improving governance, and ceasing approvals for certain projects like avoided deforestation due to additionality concerns. Moreover, projects at Safeguard facilities will now generate Safeguard Mechanism Credits instead of ACCUs, streamlining carbon abatement efforts.