Overview
We are implementing a new way for developing Australian Carbon Credit Unit (ACCU) Scheme methods as recommended by the Independent Review of ACCUs.
The Emissions Reductions Assurance Committee (ERAC) will be responsible for assessing expression of interests for new methods against their potential to meet the legislated Offsets Integrity Standards (OIS), and specified triaging criteria. The Minister will prioritise methods for development based on this assessment. The ERAC is responsible for assessing draft methods against the OIS.
The new proponent-led method development process has 5 main steps:
Submitting an expression of interest (EOI) for a new method or method variation
Developing the method proposal or method variation proposal
Public consultation on the draft method or draft method variation
Finalising the method.
EOI submissions are currently not being accepted. The first and most recent EOI round was open from 21 May 2024 to 12 July 2024. The ERAC will determine the timing of future EOI rounds.
Find out more about the interim proponent-led method development process.
