Australia Fast-Tracks Proof-of-Origin Scheme for Green Products, Boosting International Trade
Key Ideas
  • Australia's proof-of-origin scheme for green products will provide a competitive edge in international trade by certifying emissions intensity.
  • The scheme, starting with hydrogen in 2025 under the Future Made in Australia program, will expand to include steel, fuels, sustainable aviation fuel, green steel, aluminium, biomethane, and biogas.
  • Digital certificates backed by proof of renewable energy use will enable eligibility for tax credits and drive the development of new industries, preventing costly tariffs or bans on products reliant on non-renewable energy sources.
  • Australia-India renewable energy dialogue aims to enhance cooperation towards achieving net-zero emissions, addressing challenges in policies, capabilities, and investment opportunities.
Australia is set to fast-track its proof-of-origin scheme for new fuels, fertilizers, and building materials to enhance international trade competitiveness. Assistant Minister for Climate Change and Energy, Jenny McAllister, highlighted the importance of businesses being able to account for products' emissions intensity. The scheme will start with renewable hydrogen in 2025 and later expand to other green products like steel, fuels, sustainable aviation fuel, green steel, aluminium, biomethane, and biogas. This initiative, part of the $22.7 billion Future Made in Australia program, aims to provide government-backed certification of carbon intensity, allowing producers and exporters to demonstrate the environmental impact of their products. By using digital certificates backed by renewable energy proof, companies can access tax credits and drive the development of new industries. The move is crucial as Australia's trading partners are increasingly committed to achieving net-zero emissions, making it essential to prove the emissions associated with products. Additionally, the Australia-India renewable energy dialogue during the Australian Clean Energy Summit in Sydney focuses on enhancing collaboration between the two countries towards net-zero goals. Despite being major coal and gas exporters, both nations share a commitment to reducing emissions. The dialogue aims to address challenges such as understanding policies, capabilities, and investment opportunities to facilitate renewable energy investments and cooperation between India and Australia.
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