The Australian Government has today introduced the Future Made in Australia (Guarantee of Origin) Bill to Parliament.
The Guarantee of Origin (GO) scheme is a voluntary program for industry. It is designed to 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.
The scheme will issue two types of digital certificates: Product GO certificates and Renewable Electricity Guarantee of Origin (REGO) certificates.
Product GO certificates will allow producers, exporters and users to prove where a product was made, and the emissions associated with its production, transport and storage.
Product GO certificates will commence with hydrogen. The scheme will then expand to other low emissions industries such as green metals and low-carbon liquid fuels.
REGO certificates will prove when, where and how renewable electricity was produced. These certificates will unlock trade opportunities and help Australian industry meet market demand for low-emission products.
The GO scheme is a crucial component of the $22.7 billion Future Made in Australia program.
