Wednesday 26/11/2008 Page: 8
The Federal Government's carbon pollution reduction scheme is set to be introduced in 2010 and Australia's voluntary carbon market is becoming more active in readiness. The price a tonne of carbon dioxide that is traded on the Australian Climate Exchange (ACX) is an indication of this momentum. The exchange is a joint venture between the ASX and Australian Pacific Exchange Limited.
The government's greenhouse watchdog Greenhouse Friendly approves abatements such as voluntary carbon units, which is then traded on the ACX. Sydney-based organisation Climate Friendly is another way for businesses to buy carbon offsets or credits, by purchasing an Australian GreenPower renewable energy certificate. Climate Friendly is a founding member of the International Carbon Reduction and Offset Alliance. Internet sites like Carbon Offset Guide Australia and Carbon Offset Watch. The Carbon Market Expo Australasia attracted carbon credit producers and businesses including Greenfleet, AGL, Landcare, Origin Energy and CO2 Group.
Note: The exchange is a joint venture between ACX Ltd, not ASX, and APX.
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