NAVIGATING THE

PATH TO NET ZERO

Carbon markets regulatory tracker

AUSTRALIAN LANDSCAPE

As Australia transitions to a low-carbon economy, carbon markets play an increasing role to help achieve net zero ambitions. Staying on top of deadlines and developments is essential.

Carbon pricing mechanisms and regulatory frameworks play a pivotal role in incentivising businesses to reduce emissions and explore other techniques like storage. The ACCU Scheme and Safeguard Mechanism are among the more significant examples in Australia. Both schemes are under continuing consideration for refinement.

As carbon regulation and reporting obligations increase, it’s critical to keep up with key dates: whether it’s a reporting deadline, a chance to submit to a policy review or a milestone change. Below is our tracker of key dates. This will evolve to keep you across the changes.

Please reach out to your KWM contact if we can assist on any of these topics. We are here to help.

What’s next?

In this evolving landscape, businesses need to stay informed, adapt to regulatory changes, and leverage carbon markets as an opportunity for both environmental stewardship and strategic advantage. As regulatory frameworks develop and progress in line with the increasing focus on sustainability and environmental responsibility, more deadlines and opportunities will arise.

Organisations are required to adopt stronger policies and practices and actively reduce emissions, or invest in carbon offset projects. As the voluntary carbon market gains traction, organisations must also demonstrate their commitment to carbon neutrality. Technology that enables more accurate measurement and reporting has amplified this.

Collaboration between the government and private sector is crucial for the success of carbon market initiatives, fostering innovation and driving economic growth in a sustainable direction.

With organisations urged to reduce emissions, engage in carbon offset markets and embrace sustainability, they need to proactively adopt technologies, collaborate with government initiatives and stay informed about regulatory changes. This will ensure compliance but also foster innovation and enhance your organisation’s reputation in the evolving low-carbon economy.

KWM is assisting organisations with their ESG strategies, including suitable regulatory policies and processes to ensure compliance but also to take advantage of the changes that lie ahead.