ANZ

  • Primary activity : RetailerCarbon offset retailers either fund or purchase carbon offsets in large quantities and then on sell them to individual consumers in smaller quantities. , Other    Price (per tonne CO2e) : AU$0 - AU$50+

    Summary

    ANZ's view on the role of carbon offsets in addressing climate change

    "ANZ believe addressing climate change and managing one's carbon footprintA measure of the greenhouse gas emissions attributable to an activity; it is commonly used at an individual, household or business level. It calculates the direct and indirect amount of CO2-eCarbon dioxide equivalent. In order to compare emissions between the six Kyoto Protocol greenhouse gases they have been assigned a global warming potential (GWP) measured in carbon dioxide equivalents to reflect their influence on warming the atmosphere. GWP is a relative scale, where CO2 = 1. The other gases are given a number based on their effect on the atmosphere relative to CO2. For example, methane has a GWP of 21, meaning it has 21 times the amount of heating capacity of CO2. emissions produced. is an ongoing journey. Businesses and individuals can and should try and reduce their own carbon emissions through reductions in energy, water and paper use. In addition to that carbon offsets can also play a role, so long as the offsets are providing genuine environmental benefits. Carbon offsets allow organisations to further reduce the net impact of their emissions by supporting those who have a further capacity to reduce emissions."


    Detailed InformationClick on the tabs below for more information:

    Summary

    Role in the Carbon Offset Market
    [Q1]Retailer, Other
    Main client base
    [Q3]Large corporates and government organisations; wholesale volumes only

    Broker

    Broker Information

    Types of transactions in carbon credits offered
    [Q22]- Spot tradesThe purchase or sale of abatement (e.g. carbon offsets) for immediate delivery. Spot trades are settled "on the spot" (usually within one or two business days), as opposed to at a set date in the future. Futures transactions that expire in the current month are also considered spot trades. Spot trades are also known as "cash trades". Spot trades are the opposite of forward contracts.
    - Purchase for surrenderCarbon offsets are purchased and retired from the market by the offset provider.
    Standard brokerage fees determined by
    [Q23]- Price is all encompassing and exclusive of GST
    Minimum tonnage required per transaction?
    [Q25]- More than 1000
    Customer able to retire all or some of the offsets as part of your brokerage services
    [Q26]- Yes, mimimum volume required: 5,000 tonnes
    Independent certification and/or third party documentation to prove the validity of all the different offsets that you provide available
    [Q27]- Automatically every time
    Documentation types made available to clients
    [Q28]- Certificate of RetirementIn the context of carbon offsets, this is the act of removing a carbon credit or permit from the market so that abatement cannot be traded any further. Retiring offsets helps to prevent the resale or reuse of offsets that have already been used. /Acquittal
    - Certificate of Transfer/Ownership

    Offset Products

    Offset Products

    Price(s) per tonne
    [Q17]AU$0 - AU$50+
    Project Type(s)
    [Q26]- Methane landfill
    - Solar
    - Wind
    - Biomass
    - Hydroelectric (small scale)
    - Energy Efficiency
    Offers offsets packaged with other services? (such as footprinting, carbon neutrality etc)
    [Q10]No

    [Find out more about project types]

    Offset Quality

    Offset Quality

    Offsets generated and sold by ANZ
    [Q33a]- Greenhouse FriendlySee AGO GF
    - CDMClean Development Mechanism is a Kyoto Protocol mechanism under which projects set up in developing countries to reduce GHGs generate tradeable credits called CERs. The credits can be used by industrialised nations to help meet their Kyoto reduction targets. Find out more here.
    Other offsets generated and sold by ANZ
    [Q33b]- RECsRenewable Energy Certificates in Australia are issued by the Australian Government's Office of Renewable Energy Regulator. They are equivalent to one-megawatt hour of renewable electricity. RECs can be bought and sold both by electricity retailers and by other businesses in order to meet the legal requirements of MRET.
    - NGACsNew South Wales Greenhouse Gas Abatement Certificate is a tradeable commodity used in the NSW GGAS. One NGAC represents the abatement of one tonne of CO2e associated with the consumption of electricity in NSW. NGACs are transferable certificates that may only be created by accredited abatement certificate providers.
    Do you provide quality assurance or technical documentation on your web site or on request?
    [Q16]No
    Is this organisation third party independently audited for the retirement of offsets and / or RECs?
    No

    [Find out more about issues relating to offsetting]
    [Find out more about Certification Standards]

    Resources

    Resources

    Do you provide a carbon footprint calculation service for your customers?
    [Q12]- No
    Other carbon management services
    [Q11]- Risk management products for mandatory carbon credit requirements

    [Find out more about carbon offsetting]

    Projects

    Project Information

    ANZ offers offsets from a broad range of projects. Information below is for the range of projects/project types we can provide | Methane landfill, Solar, Wind, Biomass, Hydroelectric (small scale), Energy Efficiency Methane landfill, Solar, Wind, Biomass, Hydroelectric (small scale), Energy Efficiency Methane landfill, Solar, Wind, Biomass, Hydroelectric (small scale), Energy Efficiency NSW Greenhouse Gas Abatement Certificate (NGAC) Clean Development Mechanism (CDM) Greenhouse Friendly (GHF) Renewable Energy Certificates (RECs)

    General Information

    This project is not owned by ANZ
    Price per tonne of CO2e
    [Q24]

    Varies

    Project Type(s)
    [Q26]- Methane landfill
    - Solar
    - Wind
    - Biomass
    - Hydroelectric (small scale)
    - Energy Efficiency

    Quality

    Accreditation or certification achieved 9 October 2009
    [Q33a]- Greenhouse FriendlySee AGO GF
    - CDMClean Development Mechanism is a Kyoto Protocol mechanism under which projects set up in developing countries to reduce GHGs generate tradeable credits called CERs. The credits can be used by industrialised nations to help meet their Kyoto reduction targets. Find out more here.
    Other accreditation or certification achieved 9 October 2009
    [Q33b]- RECsRenewable Energy Certificates in Australia are issued by the Australian Government's Office of Renewable Energy Regulator. They are equivalent to one-megawatt hour of renewable electricity. RECs can be bought and sold both by electricity retailers and by other businesses in order to meet the legal requirements of MRET.
    - NGACsNew South Wales Greenhouse Gas Abatement Certificate is a tradeable commodity used in the NSW GGAS. One NGAC represents the abatement of one tonne of CO2e associated with the consumption of electricity in NSW. NGACs are transferable certificates that may only be created by accredited abatement certificate providers.
    Registry on which project is registered
    [Q36]- CDMClean Development Mechanism is a Kyoto Protocol mechanism under which projects set up in developing countries to reduce GHGs generate tradeable credits called CERs. The credits can be used by industrialised nations to help meet their Kyoto reduction targets. Find out more here. Registry
    - GGASSee The NSW Greenhouse Gas Abatement Scheme Registry
    - RECsRenewable Energy Certificates in Australia are issued by the Australian Government's Office of Renewable Energy Regulator. They are equivalent to one-megawatt hour of renewable electricity. RECs can be bought and sold both by electricity retailers and by other businesses in order to meet the legal requirements of MRET. Registry
    - Registered with Greenhouse Friendly Program Administrator (internal records)
    Process followed for retiring offsets from this project off the market
    [Q37]- We retire them concurrently at the time of purchase on behalf of the customer
    Retirement of abatement verified to your client via
    [Q38] - Certificate (with amount of abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. purchased)

    Contact Details

    Contact Details

    For more information please contact:

    ANZ
    + 61 3 9095 0014
    7/100 Queen Street Melbourne 3000