Carbon Certificates
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ACCU's
An ACCU is a unit issued to a person by the Clean Energy Regulator (Regulator) by making an entry for the unit in an account kept by the person in the electronic Australian National Registry of Emissions Units (Registry).
Each ACCU issued represents one tonne of carbon dioxide equivalent (tCO2-e) stored or avoided by a project.
An ACCU can only be issued to a person if the person has a Registry account and a Registry account can only be opened by a person after the Regulator has considered whether they are a ‘fit and proper person.
Trading, Relinquishing ACCU's
ACCUs that have not been surrendered, cancelled or relinquished can be traded.
Property Rights of ACCUs
An ACCU is personal property. The registered holder of an ACCU — the person in whose Registry account there is an entry for the ACCU — is its legal owner and may, pass good title to the ACCU to another person.
ACCUs are issued as either Kyoto ACCUs or non-Kyoto ACCUs.
Kyoto ACCUs are issued if the relevant offsets project is an eligible Kyoto project and the reporting period ends on or before the Kyoto abatement deadline.Non-Kyoto ACCUs are issued if the relevant offsets project is an eligible non-Kyoto project, or if the relevant project is an eligible Kyoto project but the reporting period ends after the Kyoto abatement deadline.
Kyoto ACCUs are issued if the relevant offsets project is an eligible Kyoto project and the reporting period ends on or before the Kyoto abatement deadline.Non-Kyoto ACCUs are issued if the relevant offsets project is an eligible non-Kyoto project, or if the relevant project is an eligible Kyoto project but the reporting period ends after the Kyoto abatement deadline.