The Albanese government is accelerating the development of the Guarantee of Origin scheme.
A key element of the $22.7 billion Future Made in Australia program, the scheme will provide digital certificates to verify product origin and associated emissions, supporting the growth of Australia’s green industries.
Federal Assistant Minister Jenny McAllister said the scheme is the most important green industry program Australians ever heard of.
“As the world decarbonises, it will be increasingly important for businesses to be able to account for the carbon emissions associated with their products,” she said.
“Guarantee of Origin is a key to new market opportunities for Australian energy exporters in the race to net-zero.
“The Guarantee of Origin scheme will give Australian companies a competitive advantage by providing government backed certification of the carbon intensity of key green products.”
Initially focusing on hydrogen, the scheme will expand to cover low-carbon liquid fuels, green metals, and biogas.
It will play a crucial role in determining eligibility for the $6.7 billion Hydrogen Production Tax Credit announced in the 2024/25 Federal Budget.
Complementing this is the Renewable Electricity Guarantee of Origin scheme, which will certify renewable energy production and replace the RET in 2030.
The government has increased funding for the Scheme to over $70.4 million in the latest budget.
Following a public consultation on design aspects, the government is finalising the scheme’s details and enabling legislation.
The Guarantee of Origin scheme is expected to commence operations in the second half of 2025.
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