Documents Regarding The Review Of Australian Carbon Credit Units Report.

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An independent expert panel completed a review of the integrity of Australian Carbon Credit Units (ACCUs) in December 2022, concluding the scheme was fundamentally well-designed but could be improved after 11 years of operation. The panel made several recommendations aimed at enhancing the scheme, including clarifying its intention, separating integrity assurance from regulatory and administrative roles, removing unnecessary data-sharing restrictions, enabling free prior and informed consent, facilitating positive project outcomes and co-benefits, and improving information regarding non-carbon benefits and attributes. The panel noted some recommendations may fall within the responsibilities of the Ministers for Environment and Water and Agriculture, Fisheries and Forestry, and urged implementation as soon as practicable. The review documents were transmitted to the Minister for Climate Change and Energy on 19 December 2022.