|The Australian National Registry of Emissions Units (ANREU)|
The Australian National Registry of Emissions Units (ANREU) is an electronic system designed to accurately track the location and ownership of emissions units issued under the Kyoto Protocol, Australian carbon credit units issued under the Carbon Credits (Carbon Farming Initiative) 2011 Act (CFI Act) and carbon units issued under the Clean Energy Act 2011.
Opening an ANREU account enables participation in the Australian Government’s carbon pricing mechanism and Carbon Farming Initiative, as well as emissions trading under the Kyoto Protocol to the United Nations Framework Convention on Climate Change.
The Australian National Registry of Emissions Units Act 2011 and the Australian National Registry of Emissions Units Regulations 2011 provide the legislative support for the administration of the ANREU and are consistent with the Kyoto Protocol rules.
An entity will need to open an ANREU account if any of the following applies to that entity:
- it wishes to acquire and surrender eligible emissions units to avoid a shortfall charge under the Clean Energy Act 2011,
- it operates an emissions-intensive trade-exposed activity and is eligible to receive free carbon units under the Jobs and Competitiveness Program,
- it has been recognised as an offsets entity under the Carbon Farming Initiative and is eligible to receive Australian carbon credit units generated through an eligible offset project,
- it wishes to own eligible units.
Based on Clean Energy Regulator data http://www.cleanenergyregulator.gov.au
|Last Updated on Thursday, 07 March 2013 23:27|