AFPA has welcomed a new private members' Bill, introduced by Federal Member for Lyne Alison Penfold MP, aimed at safeguarding the integrity and transparency of Australia's carbon credit scheme.
AFPA acting CEO Richard Hyett said maintaining confidence and credibility in the ACCU scheme was essential for supporting investment in genuine emissions reduction projects and Australia's transition to net zero.
Ms Penfold's proposed Carbon Credits (Carbon Farming Initiative) Amendment Bill 2026 proposes simple changes to improve transparency and integrity. This includes requiring the Federal Minister to only make an ACCU method if it's fully consistent with the Objects of the Act, and if all relevant science and information to develop the method is released for public consultation to allow proper scrutiny.
Mr Hyett said: "Our ACCU scheme was designed to encourage real carbon abatement and high-integrity environmental outcomes, and it's important the scheme remains focused on delivering genuine emissions reductions rather than being used to retrospectively fund government policy decisions."
The proposal follows the NSW Government's plan to develop an Improved Native Forest Management Method (INFM), which is currently being considered by the Commonwealth's Emissions Reduction Assurance Committee.
"In a recent submission, we have advocated for strong governance, transparency and safeguards across Australia's carbon credit framework and have previously raised concerns about maintaining public confidence in the scheme," Mr Hyett said.
"Industry applauds and welcomes Ms Penfold's private members' Bill. Carbon credit methodologies must be evidence-based, transparent and support practical emissions reduction opportunities across productive industries, including sustainable forestry. It's also essential to drive opportunities to expand the ACCU scheme's participation through productive abatement methods including through the built environment.
"We look forward to continuing to work with governments and industry stakeholders to ensure the ACCU scheme remains credible, supports regional Australia and delivers lasting environmental outcomes."
