Tag: carbon credits

Carbon Capture and Storage under Australia’s Emissions Reduction Fund

In 2020 the Australian Government’s Low Emissions Technology Statement identified carbon capture and storage (CCS) as one of several priority low emissions technologies. At the request of the government and against the backdrop of emerging projects, the Clean Energy Regulatory began developing a CCS method (or methodology) under the Emissions Reduction Fund. Inclusion under the ERF would allow CCS projects to generate Australian Carbon Credit Units (ACCUs) and thereby generate income.

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Can voluntary carbon markets change the game for climate change?

Carbon credits are created in projects where actors implement activities resulting in lower or negative emissions. These credits can be sold by the actor who implemented the carbon reduction and can be traded and purchased by other actors, e.g. companies, to ‘compensate’ for their emissions. The motivations of the actors purchasing these offsets might be to comply with emission standards or regulations, to voluntarily improve their carbon footprint, or to support decarbonization projects.

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