EMIT Securities Limited
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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$10
Summary
EMIT Securities Limited's view on the role of carbon offsets in addressing climate change"With a focus on the underlying risks and opportunities, EMIT Securities Limited (EMIT) develops market strategies for business dealing in a range of carbon and renewable products. EMIT is an Australian based origination, advisory and transaction services company operating in the emerging global carbon tradingA term used to describe 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. involving greenhouse gas emissions. and renewable energy markets."
Detailed InformationClick on the tabs below for more information:
Summary
Role in the Carbon Offset Market[Q1]Retailer, BrokerMain client base[Q3]Wholesale offset sales; project developers and voluntary offset and carbon neutral companiesBroker
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.
- ForwardsThe buyer invests the money upfront but does not get the credits until they are actually produced. These are long-term commitments that are predominantly done on a large scale. (Over The Counter)
- Financial Options
- Purchase for surrenderCarbon offsets are purchased and retired from the market by the offset provider.Standard brokerage fees determined by[Q24]- We have fixed priced brokerage feeIndicative pricing[Q25]- 2% for 1,000 offsets
- 1% for 10,000 offsetsHow is the retirement of abatement verified to your client?[Q27]- Registry transaction screenshot view (For example, by email)
- Evidence of registry transaction (For example, personalised account, physical copy of transaction etc.)
- 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)
- 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)Independent 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$10Project Type(s)[Q32] - WindProject Location(s)[Q33]- International
[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]Yes - Australian Financial Services Licence Number: 298493Offsets generated and sold by EMIT Securities Limited[Q38]- Clean Development MechanismClean 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. 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.
- Verified Carbon StandardThe VCS Program includes the standard (VCS 2007) and the Program Guidelines 2007. The VCS Program provides a global standard and criteria for validating, measuring, and monitoring voluntary carbon offset projects. For more information, see here. VCUsHow 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 offsetA carbon offset is an investment in a project or activity that reduces greenhouse gas (GHG) emissions or sequesters carbon from the atmosphere that is used to compensate for GHG emissions from your own activities. For more information see here. and tonnageDo you provide quality assurance or technical documentation on your web site or on request?[Q16]Information not providedIs 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] Yes, NCOSThe 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™ 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 cancellation of eligible carbon offsets. More Information eligible offsetA carbon offset is an investment in a project or activity that reduces greenhouse gas (GHG) emissions or sequesters carbon from the atmosphere that is used to compensate for GHG emissions from your own activities. For more information see here. units
[Q19]What evidence of purchase can customers expect to receive when buying carbon offsets from your organisation?- Independent certification and / or third party documentation in relation to the project
- Certificate of Retirement/Acquittal
- Certificate of Transfer/Ownership
- Serial numbers to identify offsetA carbon offset is an investment in a project or activity that reduces greenhouse gas (GHG) emissions or sequesters carbon from the atmosphere that is used to compensate for GHG emissions from your own activities. For more information see here. units purchased
- Tax InvoiceWhat documentation is available to customers about the carbon offset project/s as part of the education and quality assurance process?[Q22]- Project Design DocumentA Project Design Document is the official application drawn up by an entity applying for project approval under the Clean Development Mechanism (CDM). PDDs must be validated by an independent third party, then approved and registered by the CDM Executive Board before a project qualifies as a CER carbon credit earner. as defined under Kyoto
- Validation Report – From the Relevant Standard
- Certification Report – From the Auditors
- Verification report and statement
[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]- NoCarbon calculation - methodology, standards or guidelines[Q13]- n/aDo 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 yearsOther carbon management services[Q11]- Advisory services
- 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./JIThe Kyoto Protocol Joint Implementation mechanism allows developed countries to earn credits in the form of Emission Reduction Units (ERUs) when they finance projects that reduce net greenhouse gas emissions in another developed country. For more information see here. project management
- Carbon funds management
[Find out more about carbon offsetting]Projects
Project Information
8.5MW wind power project in Chitradurga District | International
General Information
This project is not owned by EMIT Securities Limited | Wind power project registered under 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. and the Verified Carbon Standard (VCSThe VCS Program includes the standard (VCS 2007) and the Program Guidelines 2007. The VCS Program provides a global standard and criteria for validating, measuring, and monitoring voluntary carbon offset projects. For more information, see here.)Price per tonne of CO2e[Q30]AUD4.00
Project Type(s)[Q32] - WindThe carbon offset project / program uses private land?[Q32a]- Yes, we operate on private land for interested partiesQuality
Accreditation or certification achieved as at August 2011[Q38]- Clean Development MechanismClean 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. 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.
- Verified Carbon StandardThe VCS Program includes the standard (VCS 2007) and the Program Guidelines 2007. The VCS Program provides a global standard and criteria for validating, measuring, and monitoring voluntary carbon offset projects. For more information, see here. VCUsAre the verified emission reductions created from this project NCOS compliant abatement?[Q41]- Yes, NCOSThe Commonwealth Government’s 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™ 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 cancellation of eligible carbon offsets. More Information (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 eligible offsetA carbon offset is an investment in a project or activity that reduces greenhouse gas (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).) emissions or sequesters carbon from the atmosphere that is used to compensate for GHG emissions from your own activities. For more information see here. units
Contact Details
Contact Details
For more information please contact:
EMIT Securities Limited
www.emit-markets.com
+61413802502
Level 27, 101 Collins Street, Melbourne 3000 VictoriaInformation Submitted by EMIT Securities Limited in October 2011




