Carbon Compliance utilises IPMVP to annually create carbon units associated with emissions reduction. Based on actual measurements, these units are auditable and can be transacted on the voluntary and compliance markets to generate revenue or offset existing footprint.
We only create Carbon Credits based on results. Typical issues with Carbon Markets are driven by creating units based on future events.
There are multiple global and local carbon markets which all fit into two key types of markets:
Compliance Markets (Government driven requirements and administration)
Voluntary/ Secondary Markets (Corporates, Collectives and Individuals)
Carbon markets and units are designed to accelerate, through fiscal measures, actions to abate carbon.
The standard unit of a carbon market is normally 1 tonne of CO2e abated
Units are based on geographical boundaries of all sizes (ie 1 device up to a country)
Additionality and Permanence are key aspects of all carbon units
All Energy efficient units (White Certificates) recognise and incorporate IPMVP
The national unit for Australia is the Australian Carbon Credit Unit (ACCU) with 7 years reporting/ returns
Victoria has the Victorian Energy Efficiency Certificate (VEEC) and NSW has the Energy Saving Certificate (ESC) which are both compliance markets, with 10 years reporting/ returns
Unit prices vary greatly across the multiple markets from $2 - $300 and some incorporate SDG’s as well as the CO2e
Scope 1, 2 & 3 emissions all require an approved "Emissions Factor" to translate energy usage to emissions to a Carbon Unit