FUTURE MADE IN AUSTRALIA (GUARANTEE OF ORIGIN) BILL 2024Summary**Introduced with the Future Made in Australia (Guarantee of Origin Charges) Bill 2024 and Future Made in Australia (Guarantee of Origin Consequential Amendments and Transitional Provisions) Bill 2024, the bill: establishes the voluntary Guarantee of Origin scheme to certify renewable electricity and products such as hydrogen; and provides for the creation of certificates that contain information about the attributes of the renewable electricity or product that they represent.Permalink https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id%3A%22legislation%2Fbillhome%2Fr7245%22 *This is an explanatory memorandum for Australia's "Future Made in Australia (Guarantee of Origin) Bill 2024," outlining a voluntary scheme to certify renewable electricity and the emissions embodied in products like hydrogen. The bill establishes a registry for tracking these guarantees of origin (GOs), detailing registration processes for producers and consumers, certificate creation and management, audit procedures, and enforcement mechanisms. It aims to increase transparency, build trust in low-emissions claims, and support Australia's decarbonisation goals and clean energy export market. Cost recovery for the scheme will be implemented via levies, and the bill includes compatibility statements with human rights legislation. An impact analysis assesses the costs and benefits of the proposed scheme against alternative approaches.*Created with use of AI using NotebookLM (Deep dive voices) for educational purposes**Source Parliament of Australia   Hosted on Acast. See acast.com/privacy for more information.

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