Regulator issues first carbon credits
The Clean Energy Regulator (CER) has issued the first carbon credits under the Federal Government’s carbon pricing mechanism, signalling the commencement of the Australian carbon market.
Three applicants today received free carbon units under the Jobs and Competitiveness Program which were issued via the Australian National Registry of Emissions Units (ANREU).
“Issuing units for the first time is a very significant moment in the establishment of the carbon pricing mechanism,” CER chair Chloe Munro said.
“Industry assistance is a core component of the Clean Energy Future package administered by the Clean Energy Regulator.”
“The issuance of the units signals the start of a carbon market in Australia,” she said.
The first three applicants to have their applications approved were:
- Alcoa of Australia Limited for alumina refining
- Queensland Nitrates Pty Ltd for production of ammonia
- Queensland Nitrates Pty Ltd for production of ammonium nitrate.
“These applicants have received around 6.37 million free carbon units which companies can now sell back to the government, transfer, or use to acquit their future liability under the carbon pricing mechanism,” Ms Munro said.
Applications for the Jobs and Competitiveness Program for 2012-13 will close on 31 October 2012. Applicants can apply to the Clean Energy Regulator before 31 October 2012 to seek an extension to 31 December 2012.