2 November 2011 – Climate Change minister Greg Combet and Energy Efficiency minister Mark Dreyfus have released consultation draft regulations to support the Australian National Registry of Emissions Units.
“The Registry will be used to track Australian carbon credit units generated under the Carbon Farming Initiative and Kyoto units issued under the Kyoto Protocol,” the ministers said. “It will also be the Registry for carbon units issued under the carbon pricing mechanism.”
“Using the same Registry for different programs will allow people to open a single account and take advantage of diverse opportunities.”
Mr Dreyfus confirmed the regulations would enable the effective administration of the Registry, setting out requirements for opening accounts and dealing with Kyoto units.
Comments on the draft regulations will be taken into consideration when finalising the regulations. Public submissions are due by 14 November 2011.
For information on the Clean Energy Future package see www.cleanenergyfuture.gov.au.