Australia's New Guarantee of Origin Scheme for Renewable Energy and Low-Emission Products
Key Ideas
- The Australian government is initiating a new Guarantee of Origin (GO) scheme to certify renewable electricity, hydrogen, green metals, and other low-emission products.
- Federal Assistant Energy Minister Josh Wilson emphasizes the role of the GO scheme in decarbonizing the economy, promoting clean energy investments, and establishing Australia as a renewable energy superpower.
- The GO scheme will introduce Product Guarantee of Origin (PGO) and Renewable Electricity Guarantee of Origin (REGO) certification streams, allowing for tracking and verification of emissions associated with clean energy commodities.
- Feedback is being sought on rules related to registration, certification, and renewable electricity generation facilities until 27 March 2025 as part of the public consultation process.
The Australian government has opened public consultations on the new Guarantee of Origin (GO) scheme, which aims to authenticate renewable energy-generated electricity and low-emission products, including hydrogen and green metals. This initiative is part of the Future Made in Australia policy that was recently approved by the parliament. The GO scheme is intended to facilitate the tracking and verification of emissions linked to renewable electricity, hydrogen, green metals, and other clean energy commodities. Federal Assistant Energy Minister Josh Wilson highlights the significance of this scheme in Australia's transition to a clean energy economy, stressing its role in providing certainty about low-emission products and driving investments in clean energy industries. The scheme is expected to offer 'high-integrity certificates' that will encourage sellers to reduce carbon intensity, giving producers a competitive edge in both domestic and global markets. The GO scheme will include Product Guarantee of Origin (PGO) and Renewable Electricity Guarantee of Origin (REGO) certification streams. The PGO certificates will enable the authentication of product origins and associated emissions, particularly focusing on green hydrogen initially. The scheme will also support the new Hydrogen Production Tax Incentive. REGO certificates, on the other hand, will provide detailed information on renewable energy production methods and will eventually replace the certification element of the Renewable Energy Target (RET). The Australian government invites feedback on various aspects of the rules governing the GO scheme, including registration, certification of products, and renewable electricity generation facilities. The consultation period will remain open until 27 March 2025.
Topics
Policy
Certification
Renewable Energy
Clean Energy
Carbon Emissions
Government
Industry Development
Certificate Scheme
Market-driven
Latest News