AGL Energy welcomes the opportunity to make a submission in response to the Clean Energy Regulator’s (CER) discussion paper entitled ‘Enabling deep, liquid, transparent and accessible carbon markets in Australia’.

We support Australia’s ambition to achieve net zero by 2050 and believe that Australian carbon credit units (ACCUs), together with other units that represent abatement or emissions reductions efforts, will remain an integral part in realising these ambitions.

AGL is broadly supportive of changes to improve transparency and promote integrity of carbon markets. We welcome the development of a new carbon registry and provide feedback in this submission on the registry features and functionality most important to supporting a transparent and accessible carbon market. While a spot exchange market for ACCUs may have some merit, it is unclear whether there is a strong case for its development and whether the benefits will outweigh the costs.

Read the full submission here.