Legislation passes for new Guarantee of Origin scheme
Source: www.gulfoilandgas.com 11/29/2024, Location: Not categorized
The Australian Government has passed the Future Made in Australia (Guarantee of Origin) Bill through Parliament.
The Guarantee of Origin (GO) scheme is a voluntary program for industry. It is designed to certify renewable electricity and track and verify the emissions of low-emissions products, such as hydrogen.
It will support the development of Australia’s green industries. It will do this by certifying renewable electricity and the emissions associated with products.
This will help Australian producers remain competitive in new and emerging domestic and global markets, by accounting for the emissions embedded in their products.