Australia’s carbon market is evolving, but many in the industry agree it still needs to be more fluid, integrated and transparent, particularly in relation to Australian Carbon Credit Units (ACCUs).

At this year’s Carbon Market Institute’s (CMI) 9th annual Carbon Farming Industry Forum, we heard the sector’s call for a more efficient carbon market. In this article, we reflect on those conversations and set out what we see as the key priorities to build a fluid carbon market that can support Australia’s net-zero transition.

Recent regulatory changes in the Australian carbon market
Australia’s carbon landscape has undergone several important regulatory changes designed to encourage uptake in the holding and trading of emission units. Key changes include:

the codification of greenhouse gas emissions reduction targets in the Climate Change Act 2022 (Cth)
the introduction of the Safeguard Mechanism, which requires Australia’s highest greenhouse gas emitters to reduce their emissions in line with the set targets

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