The Federal Government of Australia has announced plans to fast-track the Guarantee of Origin scheme, which is a key component of the $22.7 billion Future Made in Australia program. The scheme aims to facilitate the development of green industries by providing an emissions accounting framework. Initially starting with hydrogen, the scheme will later expand to cover low carbon liquid fuels, green metals, biomethane, and biogas. By issuing digital certificates, producers, exporters, and users will be able to ascertain the origin and associated emissions of products. These certificates will also enable eligibility for tax credits under the $6.7 billion Hydrogen Production Tax Credit, thus playing a vital role in fostering the growth of green industries. The Guarantee of Origin scheme is set to receive over $70.4 million in funding and is currently in the consultation phase for design considerations. Federal Assistant Minister Jenny McAllister highlighted the importance of the scheme in enabling businesses to account for carbon emissions, providing a competitive advantage for Australian companies in the global market. The scheme will work in conjunction with the Renewable Electricity Guarantee of Origin scheme, eventually replacing the Renewable Energy Target (RET) by 2030. Overall, the initiative aims to support the transition to a low-carbon economy and create new market opportunities for Australian energy exporters.