The Independent Review of Australian Carbon Credit Units,
known also as The Chubb Review, has been released today.
The government-appointed, independent panel comprised
Professor Ian Chubb AC (Chair), the Hon Dr Annabelle Bennett AC SC,
Ms Ariadne Gorring and Dr Steve Hatfield-Dodds.
The purpose of the Review was to ensure ACCUs and the carbon crediting framework maintain a strong and credible reputation supported by participants, purchasers and the broader community. Among a host of other requirements, the Panel sought independent analysis and advice to inform its consideration of the integrity of the following carbon farming methods:
The Panel concludes that the ACCU scheme arrangements are essentially sound, incorporating mechanisms for regular review and improvement, and recommends a number of changes to clarify governance, improve transparency, facilitate positive project outcomes and co-benefits, and enhance confidence in the integrity and effectiveness of the scheme.Chubb et al. (2023) Independent Review of Australian Carbon Credit Units - Final Report
Australian Integrated Carbon’s response to the report can be viewed here: https://aicarbon.com/wp-content/uploads/2023/01/AiC-position-statement_Chubb_Review.pdf
Report findings can be downloaded here:
Chubb Review context: https://www.dcceew.gov.au/climate-change/emissions-reduction/independent-review-accus
Final Report: https://www.dcceew.gov.au/sites/default/files/documents/independent-review-accu-final-report.pdf
Executive Summary: https://www.dcceew.gov.au/sites/default/files/documents/independent-review-accu-exec-summary.pdf