Australian Government Launches Consultation on Guarantee of Origin Scheme
Key Ideas
- The Australian Government is seeking feedback on the second tranche of the Guarantee of Origin Rules and the Methodology Determination for hydrogen produced via electrolysis.
- The GO scheme aims to track and verify emissions associated with low-emissions products and certify renewable electricity, aligning with the Future Made in Australia plan.
- The consultation package also includes regulations on cost recovery charges and a concept paper on energy storage systems in the Renewable Electricity Guarantee of Origin (REGO) scheme.
- Consultation on the GO Cost Recovery Impact Statement is part of the ongoing process to attract investment in low carbon products and renewable electricity.
The Australian Government's Department of Climate Change, Energy, Environment & Water has initiated a new round of consultation on the Guarantee of Origin (GO) scheme. The GO scheme, established in November 2024, is a mechanism to track and verify emissions related to low-emissions products and certify renewable electricity. It aims to attract investment in low carbon products and renewable electricity, in line with the government's Future Made in Australia plan. The current consultation phase involves seeking feedback on various components, including the second tranche of the Guarantee of Origin Rules, the Methodology Determination for hydrogen produced via electrolysis, and regulations on cost recovery charges. Additionally, a concept paper on the proposed approach to energy storage systems in the Renewable Electricity Guarantee of Origin (REGO) scheme is included in the consultation package. This initiative is part of an ongoing effort to enhance the regulatory framework and support the transition towards a more sustainable and low-carbon energy sector in Australia.