The final report of the Independent Review of Australian Carbon Credit Units (ACCUs), led by Professor Ian Chubb, has today been released. The review makes 16 recommendations, focusing on improvements to the governance, structure, and transparency of the Australian carbon offset crediting scheme, with the integrity of key ACCU methodologies found to be generally “sound”.
While some stakeholders have suggested that moves to restore integrity to the ACCU market will lead to a marked reduction in ACCU supply, and a sharp increase in ACCU prices, we believe that outcomes of the Chubb Review will have a more nuanced impact
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