The Race to Net Zero via 43% by 2030

Carbon Compliance’s goal is to measure and verify 10 MtCO2e associated with efficiency improvements by 2030 , ramping up to 100 MtCO2e to coincide with Net Zero by 2050.

This sounds like a big number, and it is, but all the solutions exist today to easily achieve Australia's 2030 target. These solutions consist of changes to people, process and technology. Our challenge is to hurry up and win the race by implementing them now.

By utilising Measurement & Verification (M&V) to create Carbon Credits, we help our customers lower the cost and accelerate the uptake of sustainable change in the race to Net Zero.

Australia's current status

The Climate Change Authority is an independent statutory body established under the Climate Change Authority Act to provide expert advice to the Australian Government on climate change policy, Australia's Nationally Determined Contribution (NDC) and the annual progress on our emissions reduction targets.

The first annual progress advice report on how Australia is tracking toward its emissions reduction targets was tabled in Parliament on 1 December 2022.

©Commonwealth of Australia (Climate Change Authority) 2022

The status shows Australia is tracking below our budget target, but also shows we need to take additional action now as our emissions have remained level over the past 2 years. Carbon Compliance measures the contribution to the avoided emissions from efficiency projects, thus our focus is above the line, not the footprint below it.

©Commonwealth of Australia (Climate Change Authority) 2022

Mitigation activities are required to reduce our emissions for all sectors except Land Use, Land Use Change and Forestry (LULUCF) where we need to increase our efforts as this represents the carbon sequestered from the atmosphere.

Alignment with the Climate Change Authority

The Climate Change Authority's strategic advice to achieve Australia's NDC commitments are outlined below in six actions and six enablers they believe can drive the bulk of the abatement and adaptation changes both needed and deployable today.

Carbon Compliance aligns by measuring the results of the actions associated with:

"Produce efficiently – Reduce the emissions intensity of production and reduce inefficient use of resources such as energy and land
Switch Fuels - Shift from high emitting fuels to lower and ultimately zero-emissions alternatives
Electrify - Generate enough affordable, clean energy to meet growing demand and electrify as much as possible
Deploy technology solutions – Do as much as we can with the mitigation and sequestration technologies we already have, accelerate their deployment, improvement and the development of new technologies"

Carbon Compliance monetises the results using the enabler of:

"Markets - Governments can enable economic forces to drive decarbonisation by ensuring open, competitive and transparent markets"

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