"The realities of the paradigm shift required as the Australian and global economy transforms to a clean energy future is clear. Broad participation needs to be driven by large and liquid environmental markets. Carbon offsets provide a market mechanism for clients to meet a portion of their compliance obligation as part of this transition.

Citola is seeking to client access to a long-term, fixed price provision of Australian Carbon Credit Units (ACCUs) eligible in the Carbon Farming InitiativeThe Carbon Credits (Carbon Farming Initiative) Bill 2011 provides legislation that gives landholders, farmers and forest growers incentives to undertake land sector abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. projects. The scheme will credit the greenhouse gas abatement achieved by either: - Reducing or avoiding emissions, for example, through capture and destruction of methaneMethane (CH4) is a greenhouse gas with a GWP of 21. emissions from landfillA specially designed site for the disposal of waste to land by burial. or livestock manure; or - Removing carbon from the atmosphere and storing it in soil or trees, for example, by growing a forest, or farming in a way that increases soil carbon. The CFI will create credits called Australian Carbon Credit Units (ACCUs). One ACCU will equal one tonne of CO₂-eA standard measure that takes account of the different global warming potentials of greenhouse gases and expresses the cumulative effect in a common unit. , National Carbon Offset StandardThe Commonwealth Government’s National Carbon Offset Standard (NCOS) came into effect on 1 July 2010 coinciding with the cessation of the Government’s Greenhouse Friendly™The Greenhouse Friendly™ initiative operated between 2001 and 30 June 2010. It certified carbon neutral products and services and approved abatement credits for sale on the voluntary market. Applications for new abatement projects have closed. These were not considered eligible offsets under NCOS and could not be retired for the purpose of becoming carbon neutral under the NCOS from 1 July 2010. This situation may change in future as a result of reviews of the NCOS by DCCEE. 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 neutralA voluntary mechanism where an activity, event, household, business or organisation is responsible for no net emissions of greenhouse gases 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 efficiency, purchasing renewable energy) and then purchasing offsets for any residual emissions in order to achieve zero net emissions. 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 cancellation of eligible carbon offsets. More Information and carbon priceAn economic value placed on the emission 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). into the atmosphere from human activity. This price is designed to create an incentive to avoid emitting. A carbon price is usually derived from either a carbon taxA tax on greenhouse gas emissions that leads to a carbon price. or a price under an ETS. legislation.

Citola manages the entire carbon offset origination, management and delivery process and works with clients to understand their specific requirements, timelines and governance objectives in-order to provide carbon products with an appropriate fee/investment structure. "