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Monday 31/3/2008 Page: 2
THE market for carbon offset providers that are helping business and individuals to become carbon neutral is continuing to grow. The first update of the carbon offsets guide, a joint initiative between Victoria's Environment Protection Authority and RMIT, shows a 13% boost to those servicing the offsets market. The offsets guide shows that more than 16.7 million tonnes of carbon-dioxide equivalents worth more than $45.9 million were traded by Australian offset providers during 2006-07. It is an area that is expected to grow rapidly as Australia heads towards an Emissions Trading Scheme.
This month federal Climate Change Minister Penny Wong said a consultation paper on emissions trading would be released in July and legislation could be drafted by the end of the year. Last week the Federal Government's chief climate change adviser, Professor Ross Garnaut, released a discussion paper on emissions trading that encouraged business to prepare for its introduction.
Four new carbon offset providers have been added to the carbon offsets guide. Greenpass, accredited by the NSW Greenhouse Gas Reduction Scheme (GGAS), provides accredited offsets from methane capture projects. Greenpig, accredited by the federal Department of Climate Change's Greenhouse Friendly program, provides accredited offsets from forestry-related projects. Hydro Tasmania sells accredited offsets through NSW GGAS. Low Energy Supplies and Services (LESS) sells Greenhouse Friendly accredited and NSW GGAS accredited offsets from energy efficiency projects.
Link www.carbonoffsetguide.com.au
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