Australia's Guarantee of Origin Bill Empowers Green Industries and Supports Renewable Electricity
Key Ideas
- The Guarantee of Origin (GO) scheme in Australia certifies renewable electricity and tracks emissions of low-emissions products like hydrogen.
- This voluntary program supports the development of green industries and helps producers remain competitive in domestic and global markets.
- Certifying renewable electricity and emissions associated with products enables producers to account for embedded emissions, fostering sustainability.
- The Future Made in Australia (Guarantee of Origin) Bill passed by the Australian Government aims to boost the country's green industry and support renewable energy initiatives.
The Australian Government has recently passed the Future Made in Australia (Guarantee of Origin) Bill through Parliament. This bill establishes the Guarantee of Origin (GO) scheme, a voluntary program designed to certify renewable electricity and track and verify the emissions of low-emissions products, such as hydrogen. The GO scheme aims to support the development of Australia's green industries by enabling producers to certify renewable electricity and measure the emissions associated with their products. By doing so, the program helps Australian producers remain competitive in new and emerging domestic and global markets by accounting for the emissions embedded in their products. This initiative is essential for fostering sustainability and promoting the growth of renewable energy sources in Australia. The passing of this bill signifies a positive step towards empowering green industries and ensuring a more sustainable future for the country.