Albanese Government Cancels Kyoto Protocol Units to Reach Emissions Reduction Targets

Australian Climate Change and Energy Minister Chris Bowen launches the National Electric Vehicle Strategy at a press conference outside Parliament House in Canberra, Australia, on April 19, 2023. AAP Image/Lukas Coch

The Albanese government has cancelled Commonwealth-held Kyoto Protocol units as part of a commitment to not use the credits to reach global carbon emissions reduction targets.

The federal government cancelled the more than 700 million credits, equivalent to more than a year’s worth of national emissions, according to the Department of Climate Change, Energy, the Environment and Water (DCCEEW).