CarboNZero
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Return to Summary of all ProvidersPrimary activity : RetailerCarbon offset retailers either fund or purchase carbon offsets in large quantities and then on sell them to individual consumers in smaller quantities. , BrokerA broker is an intermediary, who buys and sells carbon offsets on behalf of clients. Price (per tonne CO2e) : AU$0 - AU$30
Summary
CarboNZero's view on the role of carbon offsets in addressing climate change"Landcare Research's carboNZero programme is an internationally accredited greenhouse gas certification scheme (recognised by International Accreditation Forum (IAF)).
It has been made by the Joint Accreditation Service – Australian and New Zealand (JAS-ANZ) which is an international accreditation body established by a treaty between the New Zealand and Australian governments and linked through the IAF which promotes mutual acceptance of certification to common international standards.
The programme provides clients with two key certification offerings, carboNZero for those wishing to make carbon neutralA voluntary mechanism where an activity, event, household, business or organisation is responsible for no net emissions of greenhouse gasesGreenhouse Gases in the earth's atmosphere absorb and re-emit infrared radiation. The Kyoto Protocol lists six major greenhouse gases, which vary in their relative warming effect. The six gases are: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), HFCs (hydrofluorocarbons), PFCs (perfluorocarbons) and sulphur hexafluoride (SF6). and can therefore be declared carbon neutral in that specific area. Carbon neutrality can be achieved by reducing emissions as far as possible (e.g. energy efficiencyEnergy efficiency improvements refer to a reduction in the energy used for a given service (heating, lighting, etc.) or level of activity. Such savings are generally achieved by substituting technologically more advanced equipment to produce the same level of end-use services (e.g. lighting, heating, motor drive) with less electricity. , purchasing renewable energy) and then purchasing offsets for any residual emissions in order to achieve zero net emissions. claims and CEMARS (Certified Emissions Measurement and Reduction Scheme) for those business who wish to manage and report on their carbon emission & reductions without the requirement for offsetting and use this information for reporting to the likes of an ETSAn ETS is an organised system of emissions tradingUsually means an ETS. In relation to the Kyoto Protocol, Annex I countries can trade emissions reduction credits in order to comply with their Kyoto-assigned targets. (See also ETS.) that can be applied within businesses, states, countries and also internationally. Through an ETS an organisation is allocated an allowance for the amount of greenhouse gases it is permitted to produce. These systems allow those who reduce emissions beyond their obligations to sell their excess emission capacity to others within the ETS who are unable to meet their own emission reduction targets. There are two broad types of emissions trading schemes, cap and tradeA term used to describe an emissions trading system, where total emissions are limited or 'capped'. Permits are issued up to that cap, and a market allows those participants emitting less than the quota to sell their excess permits to emitters needing to buy extra permits to meet their quota. and baseline and credit./CPRSAustralia's cap and trade scheme which will come in to effect in 2010. The CPRS will place a limit, or cap, on the amount of carbon pollution industry can emit and allow trading of carbon credits. It will concentrate on the biggest polluters, by placing obligations on around 1000 Australian companies in total. However it will effect all Australians through indirect price increases., Carbon Disclosure Projects, annual reports or supply chainA network of retailers, distributors, transporters, storage facilities, and suppliers that participate in the production, delivery, and sale of a product to the consumer. reporting. For more information about CEMARS, see http://www.carbonzero.co.nz/action/CEMARScertification.asp."Detailed InformationClick on the tabs below for more information:
Summary
Role in the Carbon Offset Market[Q1]Retailer, BrokerMain client base[Q3]Corporates, Individuals, Exporters and Government DepartmentsBroker
Broker Information
Types of transactions in carbon credits offered[Q23b]- 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[Q24]- Our brokerage fees vary and are based on volumeIndicative pricing[Q25]Information not providedMinimum tonnage required per transaction?[Q26]- NoneHow is the retirement of abatement verified to your client?[Q27]- Information not suppliedIndependent certification and/or third party documentation to prove the validity of all the different offsets that you provide available[Q28]- Automatically every timeOffset Products
Offset Products
Price(s) per tonne[Q17]AU$0 - AU$30Project Type(s)[Q23]- Afforestation / reforestation with multiple locally occurring species of vegetation
- Methane landfill
- WindProject Location(s)[Q27]- InternationalAre offsets packaged with other services (such as footprinting, carbon neutrality etc)?[Q10]Yes
[Find out more about project types]Offset Quality
Offset Quality
Organisation is licensed to provide financial advice (or to be an authorised representative in providing financial advice) in the context of brokerage of carbon commodities[Q23a]NoOffsets generated and sold by CarboNZero[Q33a]- Joint Accreditation system of Australia and New Zealand (JAS-ANZ)
- Joint Implementation ERUsAn Emission Reduction Unit is a Kyoto Protocol unit equal to 1 metric tonne of CO2e. ERUs are generated from activities to reduce greenhouse emissions from the joint implementation mechanism under the Kyoto Protocol.How does your organisation calculate the amount and price of carbon offset required by customers?[Q10]- Personal contact from clients with specific needs for type of offset and tonnage
- Personal contact from customers wanting the service of carbon footprinting and (generic) offset purchase to achieve carbon neutralityRelevant third party verification (not accreditation / certification)[Q35] - Stages II and III were approved as Projects to Reduce Emissions (PRE) projects by Trust Power - Tararua Wind Farm the Ministry for the Environment in 2004. Stage II was approved as a Track One Joint Implementation project hosted by New Zealand in February 2008. Stage III was approved in April 2008. Please follow this link for credit validation and verification data http://www.carbonzero.co.nz/steps/mitigate.aspDo you provide quality assurance or technical documentation on your web site or on request?[Q16]http://www.carbonzero.co.nz/about/programme.asp
Is your organisation audited by an independent third party for the sale and retirement of offsets and / or RECs?[Q16b] NoDoes your organisation supply National Carbon Offset Standard (NCOS) or NCOS compliant abatement to customers from 1st July 2010?[Q18] No
[Q19]What evidence of purchase can customers expect to receive when buying carbon offsets from your organisation?Information not providedWhat documentation is available to customers about the carbon offset project/s as part of the education and quality assurance process?[Q22]- Validation Report – From the Relevant Standard
- Certification Report – From the Auditors
[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]- Yes, our own online calculator
- Yes, personalised assessmentCarbon calculation - methodology, standards or guidelines[Q13]- GHG ProtocolThe Greenhouse Gas Protocol. The GHG Protocol is an international accounting tool for government and business to understand, quantify, and manage greenhouse gas emissions. It has been developed by a partnership between the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD) and provides an internationally accepted accounting framework for GHG standards and programs, as well as inventories prepared by individual companies.
- ISO 14000ISO 14000 is a set of international standards, which provide a framework for the development of an environmental management system (EMS) and supporting audit programs. The ISO 14000 series are intended to help organisations comply with applicable laws, regulations and requirements and to continually improve on their environmental performance.
- ISO 14064A global GHG accounting, reporting and verification standard. The goal of the standard is to 'provide a set of unambiguous and verifiable requirements or specifications to support organisations and proponents of GHG emissions reductions projects.'
- Carbon Trust’s PAS 2050PAS 2050 is a product carbon footprinting standard. It provides a method for assessing the GHG emissions arising from products across their life cycle, from initial sourcing of raw materials through manufacture, transport, use and ultimately recycling or waste. The Carbon Trust and Defra co-sponsored the publication by the British Standards Institution of PAS 2050.Do you apply National Greenhouse Accounts Factors full fuel cycle emissions conversion factors to calculate customer emissions?[Q14]- YesIn your calculation of customer emissions which of the 6 Kyoto Protocol greenhouse gases do you include?[Q15]- Carbon dioxideA greenhouse gas that is produced as a by-product of oil and gas production, burning fossil fuels and biomassBiomass is non-fossilized and organic biodegradable material that can be used as fuel or for industrial production. Most commonly, biomass refers to plant matter grown for use as Biofuels, but it also includes plant or animal matter used for production of fibres, chemicals or heat. Biomass may also include biodegradable wastes that can be burnt as fuel. , as well as from all animals, plants, and a number of other natural sources. Carbon dioxide is the principal anthropogenic greenhouse gas that affects the earth’s temperature.
- MethaneMethane (CH4) is a greenhouse gas with a GWPGlobal warming potential (GWP) measured in CO2e, is the potency of greenhouse gases, meaning their ability to trap heat in the atmosphere, through the difference in time greenhouse gases remain in the atmosphere, and their effectiveness in absorbing outgoing infrared radiation. The GWP is a numerical measure relative to carbon dioxide, the most abundant greenhouse gas. So carbon dioxide itself has a GWP of 1 and, for example, methane has a GWP of 21. of 21.
- Nitrous oxideAgriculture accounts for the majority of nitrous oxide (N2O) emissions in Australia, The transport sector also contributes to emissions of N2O. N2O has a high global warming potentialGlobal warming potential (GWP) measured in CO2e, is the potency of greenhouse gases, meaning their ability to trap heat in the atmosphere, through the difference in time greenhouse gases remain in the atmosphere, and their effectiveness in absorbing outgoing infrared radiation. The GWP is a numerical measure relative to carbon dioxide, the most abundant greenhouse gas. So carbon dioxide itself has a GWP of 1 and, for example, methane has a GWP of 21. of about 310 times that of CO2A greenhouse gas that is produced as a by-product of oil and gas production, burning fossil fuels and biomass, as well as from all animals, plants, and a number of other natural sources. Carbon dioxide is the principal anthropogenic greenhouse gas that affects the earth’s temperature..it breaks down very slowly – over about 120 years
- HydrofluorocarbonsMajor releases of HFCs are from leakageIn relation to carbon offsets, leakage is the direct or indirect increase in GHG emissions from a greenhouse gas reduction project, which is also measurable and attributable to the project. from refrigeration equipment during operation and its end-of-life destruction. Minor releases arise from the use of HFC-containing aerosols, air conditioners and metered dose inhalers.HFCs have very high global warming potentials (140 to 11,700 times that of carbon dioxideA greenhouse gas that is produced as a by-product of oil and gas production, burning fossil fuels and biomass, as well as from all animals, plants, and a number of other natural sources. Carbon dioxide is the principal anthropogenic greenhouse gas that affects the earth’s temperature.).
- PerfluorocarbonsMost emissions of PFCsMost emissions of PFCs in Australia are generated during aluminium production. PFCs have extremely high global warming potentials (5000 to 10,000 times that of carbon dioxide). However, because they are only released in relatively small amounts, their contribution to global warming is minor. Due to their stability they have very long atmospheric lifetimes (thousands of years). in Australia are generated during aluminium production. PFCs have extremely high global warming potentials (5000 to 10,000 times that of carbon dioxideA greenhouse gas that is produced as a by-product of oil and gas production, burning fossil fuels and biomass, as well as from all animals, plants, and a number of other natural sources. Carbon dioxide is the principal anthropogenic greenhouse gas that affects the earth’s temperature.). However, because they are only released in relatively small amounts, their contribution to global warming is minor. Due to their stability they have very long atmospheric lifetimes (thousands of years).Other carbon management services[Q11]- Footprinting services
- Advisory services
- Carbon neutrality
- Scoping customer emissions
- Auditing
- Emissions reductionA measurable reduction in the level of greenhouse gases being emitted by a country, state, organisation or individual. products and services e.g. sale of energy efficient products
- Emissions monitoring
- ISO14065ISO 14065 defines requirements for companies performing greenhouse gas validation and verification. The standard provides assessing organisations with a basis for assessing the competence of validation and verification companies. GHGGreenhouse Gases in the earth's atmosphere absorb and re-emit infrared radiation. The Kyoto Protocol lists six major greenhouse gases, which vary in their relative warming effect. The six gases are: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), HFCs (hydrofluorocarbons), PFCs (perfluorocarbons) and sulphur hexafluoride (SF6). verifier services
- CPRSAustralia's cap and trade scheme which will come in to effect in 2010. The CPRS will place a limit, or cap, on the amount of carbon pollution industry can emit and allow trading of carbon credits. It will concentrate on the biggest polluters, by placing obligations on around 1000 Australian companies in total. However it will effect all Australians through indirect price increases. Emission Reporting
- WRI/ISO14064-1 certification
- PAS 2050PAS 2050 is a product carbon footprinting standard. It provides a method for assessing the GHG emissions arising from products across their life cycle, from initial sourcing of raw materials through manufacture, transport, use and ultimately recycling or waste. The Carbon Trust and Defra co-sponsored the publication by the British Standards Institution of PAS 2050. product labeling
- ISO14067 certification
[Find out more about carbon offsetting]Projects
Project Information
EBEX21 | International

General Information
[Q22, Q25]Own Project | EBEX21 carbon credits are generated on forest regeneration sites located throughout New Zealand. Carbon credits are generated on these sites because growing trees and shrubs process atmospheric carbon dioxideA greenhouse gas that is produced as a by-product of oil and gas production, burning fossil fuels and biomassBiomass is non-fossilized and organic biodegradable material that can be used as fuel or for industrial production. Most commonly, biomass refers to plant matter grown for use as Biofuels, but it also includes plant or animal matter used for production of fibres, chemicals or heat. Biomass may also include biodegradable wastes that can be burnt as fuel. , as well as from all animals, plants, and a number of other natural sources. Carbon dioxide is the principal anthropogenic greenhouse gas that affects the earth’s temperature. (CO2), and store the carbon as wood and other biomassBiomass is non-fossilized and organic biodegradable material that can be used as fuel or for industrial production. Most commonly, biomass refers to plant matter grown for use as BiofuelsBiofuels are renewable fuels made from biomass that can be used to supplement or replace the fossil fuels (such as petroleum and diesel) used in transport. The two main biofuels are ethanol and biodiesel. Ethanol is produced from the fermentation of sugar or starch in crops such as corn and sugar cane. Biodiesel is made from vegetable oils in crops such as soybean, or from animal fats. , but it also includes plant or animal matter used for production of fibres, chemicals or heat. Biomass may also include biodegradable wastes that can be burnt as fuel. . Regular field site audits are conducted to calculate how fast the trees are growing and how many carbon credits are available to sell. The EBEX21 project is administered by Landcare Research on behalf of a pool of landowners.
Price per tonne of CO2e[Q24]Price subject to volumes - Indicative rates AUD$20-30
Project Location(s)[Q27, Q28]InternationalProject Size (tonnes of CO2e)[Q29] 15,000 per year, 25,311 total for project to dateQuality
Date project started to generate verified emission reductions (VERs) / offset credits[Q31]- 1 Jan 2001Crediting period of the project (in years)[Q32]- AnnualAccreditation or certification achieved as at May 2010[Q33a]- Joint Accreditation system of Australia and New Zealand (JAS-ANZ)Relevant third party verification (not accreditation / certification)[Q35]- EBEX21 is currently negotiating its status within either the Permanent Forest SinksAny process which removes a greenhouse gas from the atmosphere. Major sinks include forests and other vegetation. Initiative or the Emissions TradingUsually means an ETSAn ETS is an organised system of emissions trading that can be applied within businesses, states, countries and also internationally. Through an ETS an organisation is allocated an allowance for the amount of greenhouse gases it is permitted to produce. These systems allow those who reduce emissions beyond their obligations to sell their excess emission capacity to others within the ETS who are unable to meet their own emission reduction targets. There are two broad types of emissions trading schemes, cap and trade and baseline and credit.. In relation to the Kyoto ProtocolAn international agreement linked to the UNFCCC and sharing its aim of stabilising atmospheric concentrations of greenhouse gases, but requiring separate ratification by governments. The Kyoto Protocol, among other things, sets binding targets for the reduction of greenhouse-gas emissions by industrialized countries. It entered into force for ratifying countries in February 2006 and commits developed nations to collectively cut their greenhouse gas emissions by 5.2 per cent of 1990 levels by 2012. Came into force in Australia on 11 March 2008., Annex I countries can trade emissions reductionA measurable reduction in the level of greenhouse gases being emitted by a country, state, organisation or individual. credits in order to comply with their Kyoto-assigned targets. (See also ETS.) Scheme. Once completed, EBEX21 offsets will be Kyoto units from 2008 and they will be listed on the New Zealand Emission Unit Register (NZEUR). Some enquirers also expressed concern that EBEX21 projects are double-counted. This is not the case as there was no Kyoto carbon-accounting prior to 2008. EBEX21 offsets have only been accounted for once, by the carboNZero programme.
Are the verified emission reductions created from this project NCOS compliant abatement?[Q36]- No
Is this project additional to Australia's commitments under Kyoto[Q37]- YesDo you forward sellThe sale of carbon offsets for emissions reductions or sequestration that have not yet occurred and therefore can not be precisely measured. abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. from this project[Q38]- Offset is only sold as verified emission reductions (retrospectively accrued)The registry on which offsets from this project are registered[Q39]- Regi NZThe process for retiring offsets from this project off the market[Q40]- We retire them concurrently at the time of purchase on behalf of the customerHow is the retirement of abatement verified to your client?[Q41]- Certificate (with individualised Serial Number/s of abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. to cross check at a later date)The ancillary or co-benefits of this project[Q42]- EBEX21 is superior to reforestation projects for the following reasons. The project is based on regeneration of suitable sites that meet strict scientific criteria The project is a pool of landowners across a wide geographical area of New Zealand Landowners must sign a management agreement that ensures permanence Landowners are required to contribute 10% of the land area for insurance purposes and this land is not eligible for carbon credits More detailed information is available at www.ebex21.co.nz
Palmerston North Awapuni Landfill Gas to Electricity Project | International

General Information
This project is not owned by CarboNZero | Lining and cap of landfillA hole in the ground where domestic waste and waste products from industry are put and covered with soil. with flaring of methaneMethane (CH4) is a greenhouse gas with a GWPGlobal warming potential (GWP) measured in CO2e, is the potency of greenhouse gases, meaning their ability to trap heat in the atmosphere, through the difference in time greenhouse gases remain in the atmosphere, and their effectiveness in absorbing outgoing infrared radiation. The GWP is a numerical measure relative to carbon dioxide, the most abundant greenhouse gas. So carbon dioxide itself has a GWP of 1 and, for example, methane has a GWP of 21. of 21. to create renewable electricity
Price per tonne of CO2e[Q24]Subject to volumes - Indicative rates AUD$9-$20
Quality
Accreditation or certification achieved as at May 2010[Q33a]- Joint Implementation ERUsAn Emission Reduction Unit is a Kyoto Protocol unit equal to 1 metric tonne of CO2e. ERUs are generated from activities to reduce greenhouse emissions from the joint implementation mechanism under the Kyoto Protocol.Relevant third party verification (not accreditation / certification)[Q35]- The Awapuni Landfill GasThe gas that is generated by the decomposition of waste in landfills. to Electricity Project was approved by the Ministry for the Environment as a PRE project in 2003 and approved as a Track One Joint Implementation project hosted by New Zealand in July 2008.
Are the verified emission reductions created from this project NCOS compliant abatement?[Q36]- Yes, NCOS compliantAbatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. that is compliant with the National Carbon Offset Standard. NCOSNational Carbon Offset Standard. The National Carbon Offset Standard was released by the Commonwealth Government in November 2009, to come into effect on 1 July 2010 coinciding with the cessation of the Government’s Greenhouse Friendly program. It is intended to ensure that consumers have confidence in the voluntary carbon offset market and the integrity of the carbon offset and carbon neutral products they purchase. It provides guidance to businesses who wish to make their organisation carbon neutral or develop carbon neutral products in a way that achieves emissions reductions, through the purchase and retirement of carbon offsets that are beyond those achieved by the CPRS and achievement of Australia’s national emissions reduction targets. compliant abatement currently includes Certified Emissions Reductions (CERsCertified Emission Reductions are credits generated under Kyoto's CDM. One CER unit is equivalent to the reduction of one metric tonne of CO2e. They are designed to be used by industrialised countries to count towards meeting their Kyoto targets. They can also be used as part of domestic targets, for example EU companies and governments use them as offsets against their emissions under the EU Emissions Trading Scheme.) except long term (lCERs) and temporary (tCERs); Emission Reduction Units (ERUs); Removal Units (RMUs); Voluntary Emissions Reductions (VERsVerified Emission Reductions or Voluntary Emissions Reductions are tradable credits for greenhouse emission reduction activities generated to meet voluntary demand for carbon credits by organisations and individuals wanting to offset their own emissions. VERs can be generated from projects to which a range of circumstances might apply, including:
- are either based in a country that has not ratified the Kyoto Protocol (e.g. USA) or does not have the infrastructure to support CDM project development;
- have not yet been registered under the CDM;
- fall outside the scope of the CDM;
- are too small to warrant the costs of CDM approval;
- are specifically developed for the voluntary market.) issued by the Gold StandardA certification standard for carbon offset projects. Initiated by WWF, SSN and Helio International, the Gold Standard for CDM projects was launched in 2003 after wide-ranging stakeholder consultation among key actors of the carbon market as well as governments. For more information see here.*; Voluntary Carbon Units (VCUs) issued by the Voluntary Carbon StandardThe VCS Program includes the standard (VCS 2007) and the Program Guidelines 2007. The VCS Program provides a new global standard and criteria for validating, measuring, and monitoring voluntary carbon offset projects. For more information, see here., however where VCU credits are issued for reduced emissions from deforestation and degradation (REDDReducing Emissions from Deforestation and Forest Degradation) and other agriculture forestry and land use (AFOLU) projects, they must apply methodologies approved under the NCOS Standard. abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual.Is this project additional to Australia's commitments under Kyoto[Q37]- Yes
Trust Power - Tararua Wind Farm | International

General Information
This project is not owned by CarboNZero | Creation of renewable energy via wind energy
Price per tonne of CO2e[Q24]Price range depending on volumes indicative AUD $13-$23
Quality
Accreditation or certification achieved as at May 2010[Q33a]- Joint Implementation ERUsAn Emission Reduction Unit is a Kyoto Protocol unit equal to 1 metric tonne of CO2e. ERUs are generated from activities to reduce greenhouse emissions from the joint implementation mechanism under the Kyoto Protocol.Relevant third party verification (not accreditation / certification)[Q35]- Stages II and III were approved as Projects to Reduce Emissions (PRE) projects by Trust Power - Tararua Wind Farm the Ministry for the Environment in 2004. Stage II was approved as a Track One Joint Implementation project hosted by New Zealand in February 2008. Stage III was approved in April 2008. Please follow this link for credit validation and verification data http://www.carbonzero.co.nz/steps/mitigate.asp
Are the verified emission reductions created from this project NCOS compliant abatement?[Q36]- Yes, NCOS compliantAbatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. that is compliant with the National Carbon Offset Standard. NCOSNational Carbon Offset Standard. The National Carbon Offset Standard was released by the Commonwealth Government in November 2009, to come into effect on 1 July 2010 coinciding with the cessation of the Government’s Greenhouse Friendly program. It is intended to ensure that consumers have confidence in the voluntary carbon offset market and the integrity of the carbon offset and carbon neutral products they purchase. It provides guidance to businesses who wish to make their organisation carbon neutral or develop carbon neutral products in a way that achieves emissions reductions, through the purchase and retirement of carbon offsets that are beyond those achieved by the CPRS and achievement of Australia’s national emissions reduction targets. compliant abatement currently includes Certified Emissions Reductions (CERsCertified Emission Reductions are credits generated under Kyoto's CDM. One CER unit is equivalent to the reduction of one metric tonne of CO2e. They are designed to be used by industrialised countries to count towards meeting their Kyoto targets. They can also be used as part of domestic targets, for example EU companies and governments use them as offsets against their emissions under the EU Emissions Trading Scheme.) except long term (lCERs) and temporary (tCERs); Emission Reduction Units (ERUs); Removal Units (RMUs); Voluntary Emissions Reductions (VERsVerified Emission Reductions or Voluntary Emissions Reductions are tradable credits for greenhouse emission reduction activities generated to meet voluntary demand for carbon credits by organisations and individuals wanting to offset their own emissions. VERs can be generated from projects to which a range of circumstances might apply, including:
- are either based in a country that has not ratified the Kyoto Protocol (e.g. USA) or does not have the infrastructure to support CDM project development;
- have not yet been registered under the CDM;
- fall outside the scope of the CDM;
- are too small to warrant the costs of CDM approval;
- are specifically developed for the voluntary market.) issued by the Gold StandardA certification standard for carbon offset projects. Initiated by WWF, SSN and Helio International, the Gold Standard for CDM projects was launched in 2003 after wide-ranging stakeholder consultation among key actors of the carbon market as well as governments. For more information see here.*; Voluntary Carbon Units (VCUs) issued by the Voluntary Carbon StandardThe VCS Program includes the standard (VCS 2007) and the Program Guidelines 2007. The VCS Program provides a new global standard and criteria for validating, measuring, and monitoring voluntary carbon offset projects. For more information, see here., however where VCU credits are issued for reduced emissions from deforestation and degradation (REDDReducing Emissions from Deforestation and Forest Degradation) and other agriculture forestry and land use (AFOLU) projects, they must apply methodologies approved under the NCOS Standard. abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual.Is this project additional to Australia's commitments under Kyoto[Q37]- YesContact Details
Contact Details
For more information please contact:
CarboNZero
www.carbonzero.co.nz www.cemars.com.au www.cemars.co.uk
+64 33219999
Gerald Street Lincoln Canterbury New ZealandInformation Submitted by CarboNZero in April 2010




