On September 1, the Climate Change Authority (CCA) released its fifth review of the Australian Carbon Credit Unit Scheme. While the scheme was found to be fundamentally sound in delivering Australia’s emissions targets and transition to net zero, six recommendations for scheme improvement were provided. The first two recommendations around the permanence of carbon credits contain the most material potential changes to market function.
In this briefing, we outline the recommendations made by the CCA, and focus on the potential market impacts of proposed changes to permanence period arrangements on both the supply- and demand-side.
In Short – The CCA’s
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