Independent Review of Australian Carbon Credit Units

The government established the independent panel to review the integrity of Australian Carbon Credit Units (ACCUs) under the Emissions Reduction Fund. The purpose of the review is to ensure ACCUs and the carbon crediting framework maintain a strong and credible reputation supported by participants, purchasers and the broader community. The panel will examine governance arrangements and legislative requirements of the carbon crediting scheme, as well as the integrity of the key methods used, and other scheme settings affecting the integrity of ACCUs. It will consider the broader impacts of carbon projects, including for agriculture, biodiversity, participation of First Nations people, and regional communities. The panel will also examine the requirements for use of ACCUs under Climate Active. The panel will provide its advice to the government by the end of December 2022.