A large project must have a potential annual average abatement of over 250,000 tCO2-e. Some projects use a custom method which may provide access to a crediting period of 10 years.
Projects that use general methods and produce over 250,000 tCO2-e are limited to the maximum length of the crediting period for that method. Projects that use an aggregation model to produce over 250,000 tCO2-e are not considered large projects.
Large projects are expected to participate in an auction to secure a contract. This will ensure they are priced competitively. These participants will be subject to the contracting rules that apply to all projects, regardless of project size. The Regulator has the discretion to negotiate a contract for a large project outside of an auction but will not do so until the market is well established. If you have a project that could meet the criteria of a large project, you should discuss development of a custom method with the
Department of the Environment and Energy.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.