Department of Climate Change, Energy, the Environment and Water
Documents Regarding Carbon Credit Method Application And Scope 3 Export Emissions Policy.
Summary
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The disclosure contains correspondence from Assistant Minister Josh Wilson responding to a constituent's proposal for an Australian Carbon Credit Unit (ACCU) scheme method involving overseas emissions reductions. Wilson explains that the Government prioritised four ACCU methods for development through an October 2024 Expression of Interest (EOI) process, assessed by the independent Emissions Reduction Assurance Committee. The constituent's proposal was not selected due to resourcing constraints and existing industry-led proposal backlogs. Critically, Wilson clarifies that the ACCU scheme only supports projects reducing greenhouse gas emissions within Australia, making the proposed method's focus on overseas emissions savings outside the scheme's scope. A second document provides a summary table of EOI submissions by sector, including blue carbon methods involving coastal and floodplain wetland management.
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