WEBINAR - Australian Carbon Credit Units Scheme: Proposed Reforms

The Australian Carbon Credits Scheme is currently undergoing reform as a result of the recommendations of the Chubb Review, and this webinar will address the Government’s recent release of a consultation paper dealing with part of the reforms.

The carbon market is one of the key tools Australia will use to achieve its emissions reduction targets of 43% by 2030 and net zero by 2050. Improving the integrity and governance of the Australian Carbon Credit Units Scheme (ACCU Scheme) is critical to building confidence in the carbon market and expanding its operation.

Following the Independent Review of the ACCU Scheme by Professor Ian Chubb, which resulted in 16 recommendations and the recent Government response to accept and implement all recommendations, the Government has proposed specific legislative amendments to the Carbon Credits (Carbon Farming Initiative) Act 2011 to improve transparency and governance.

In this webinar you will learn about the proposed amendments to the Scheme, including:

• The ACCU scheme principles and how they will impact method development and work alongside the existing Offset Integrity Standards;
• The proposed method development process, required information in an expression of interest, and the considerations that the Carbon Abatement Integrity Committee (CAIC) will take into account in assessing proposed methods;
• The proposed changes to conditional registration of projects that are subject to Native Title holder consents.

Our Speaker

Elisa de Wit,
Partner,
Norton Rose Fulbright

Elisa de Wit is a partner in the Melbourne office of international legal practice, Norton Rose Fulbright and heads the Australian Climate Change and Sustainability practice and the global Carbon Markets practice. She has over 30 years of legal experience and has practised in three Australian jurisdictions and the UK. Elisa is the former Chair of the Carbon Market Institute, and a director of Beyond Zero Emissions and the Grampians Wimmera Mallee Water Corporation.