(ACCUs), projects occur in the but anyone can each (where absence of submit new representing at applicable) the project methodologies least one tonne does not for of CO2-e involve the A consideration. emissions. clearing of project’s To date, a (or use abatement range of products beyond this government Demand for is derived baseline is departments, primarily from from) deemed to be councils and liable entities native additional third parties under forests and is have submitted is not an credited. methodologies. Australia’s carbon pricing excluded mechanism, project on All which the methodologies purchase negative are assessed by list. credits to the DOIC and offset their must then be emissions To date, most approved by liabilities. All ACCUs have the minister ACCUs can be been before being traded or sold generated eligible for in Australia, from the waste use. and some can sector (86 per be exchanged cent), for an comprising equivalent landfill gas number of capture and Kyoto units destruction and be sold or projects traded (80 per cent), internationally. alternative waste To date, the treatments CFI has (six per cent) credited over and waste composting four million ACCUs and (less than has registered one per cent). over 100 ACCUs have projects. also been generated in forestry (13 per cent), and agriculture
(ACCUs), each representing at least one tonne of CO2-e emissions. Demand for is primarily from liable entities under Australia’s carbon pricing mechanism, which purchase credits to offset their emissions liabilities. All ACCUs can be traded or sold in Australia, and some can be exchanged for an equivalent number of Kyoto units and be sold or traded internationally. To date, the CFI has credited over four million ACCUs and has registered over 100 projects. projects (where applicable) does not involve the clearing of (or use products derived from) native forests is not an excluded project on the negative list. To date, most ACCUs have been generated from the waste sector (86 per cent), comprising landfill gas capture and destruction projects (80 per cent), alternative waste treatments (six per cent) and waste composting (less than one per cent). ACCUs have also been generated in forestry (13 per cent), and agriculture occur in the absence of the project A project’s abatement beyond this baseline is deemed to be additional and is credited. but anyone can submit new methodologies for consideration. To date, a range of government departments, councils and third parties have submitted methodologies. All methodologies are assessed by the DOIC and must then be approved by the minister before being eligible for use.