Greenfleet

  • Primary activity : Project developerThe person or organisation that set up an offset generating project for the purpose of selling carbon offsets and reducing greenhouse gas emissions. , RetailerCarbon offset retailers either fund or purchase carbon offsets in large quantities and then on sell them to individual consumers in smaller quantities. , Not-for-ProfitIn the Carbon Offset Guide not-for-profit entities must have appropriate legal status, which means that they must have a formal structure; be self-governing; be private; be non-profit-distributing; and have some meaningful degree of voluntary involvement.    Price (per tonne CO2e) : AU$11 - AU$40

    Summary

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

    "Carbon offsets are part of, not the whole answer to, addressing climate change. They form part of the strategy to AVOID creating emissions, to REDUCE the rate at which emissions are created and finally OFFSET to take greenhouse gasesGreenhouse Gases in the earth's atmosphere absorb and re-emit infrared radiation. 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. lists six major greenhouse gases, which vary in their relative warming effect. The six gases are: 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. (CO2), methane (CH4Methane (CH4) is a greenhouse gas with a GWP 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 potential of about 310 times that of CO2.it breaks down very slowly – over about 120 years (N2O), HFCs (hydrofluorocarbonsMajor releases of HFCs are from leakage 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 dioxide).), 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). (perfluorocarbons) and sulphur hexafluoride (SF6Sulphur hexafluoride (SF6) is a man-made chemical. The major sources of SF6 release include leakage from electrical switchgear, from magnesium smelting processes and use in semiconductor manufacture. It has by far the highest global warming potential (23,900 times that of carbon dioxide), however it is only released in relatively small amounts.). out of the atmosphere.
    Greenfleet exists to make a difference, not a profit. We encourage organisations and individuals to reduce the greenhouse gases they produce and then offset their remaining emissions by planting biodiverse native forests.
    The forests Greenfleet plants do more than just take carbon from the atmosphere. We plant a wide variety of native trees in permanent forests that help to reduce salinity and soil erosion, provide essential habitat for native wildlife, improve water quality in rivers and streams, provide wind-breaks, and invest in rural communities.
    Established in 1997, Greenfleet has planted in excess of 6 million trees on behalf of Australian individuals and businesses who are taking action to reduce their contribution to climate change. As they grow, these trees will recapture more than 1.6 million tonnes of 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. – equivalent to taking more than 400,000 cars off the road for an entire year."


    Detailed InformationClick on the tabs below for more information:

    Summary

    Role in the Carbon Offset Market
    [Q1]Project developer, Retailer
    Not-for-Profit
    Main client base
    [Q3]Individuals, government, SMEs, large corporations

    Offset Products

    Offset Products

    Price(s) per tonne
    [Q17]AU$11 - AU$40
    Project Type(s)
    [Q26]- Afforestation / reforestation with multiple locally occurring species of vegetation
    Project Location(s)
    [Q27]- Australia
    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 Greenfleet
    [Q33a]- Non-accredited forestry
    Relevant third party verification (not accreditation / certification)
    [Q35]

    - Methodology used is AS 4978.1 - 2006 Quantification, monitoring and reporting of greenhouse gasesGreenhouse Gases in the earth's atmosphere absorb and re-emit infrared radiation. 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. lists six major greenhouse gases, which vary in their relative warming effect. The six gases are: 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. (CO2), methane (CH4Methane (CH4) is a greenhouse gas with a GWP 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 potential of about 310 times that of CO2.it breaks down very slowly – over about 120 years (N2O), HFCs (hydrofluorocarbonsMajor releases of HFCs are from leakage 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 dioxide).), 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). (perfluorocarbons) and sulphur hexafluoride (SF6Sulphur hexafluoride (SF6) is a man-made chemical. The major sources of SF6 release include leakage from electrical switchgear, from magnesium smelting processes and use in semiconductor manufacture. It has by far the highest global warming potential (23,900 times that of carbon dioxide), however it is only released in relatively small amounts.). in forest sink projects. Part 1: AfforestationThe direct human-induced conversion of land that has not been forested for a period of at least 50 years to forested land through planting, seeding and/or the human-induced promotion of natural seed. and reafforestation. Greenfleet are an Approved AbatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. Provider for Greenhouse FriendlySee AGO GF'Australian Greenhouse Office Greenhouse Friendly' Abatement Program was launched in 2001 and now forms part of the Australian Government's Greenhouse Challenge Plus programme. It provides businesses and consumers with the opportunity to sell and purchase greenhouse neutral products and services and broaden the basis for investment in additional greenhouse gas abatement. For more information, see here. as of 3 January 2008. Whilst this approves the methodology of this planting project, the second stage of approval, submitting an Abatement Claim as per the Greenhouse Friendly Guidelines that will potentially entitle abatement calculated to be sold as verified emission 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 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. 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.
    ) has not yet occurred. The second stage of the process gives verification of abatement by both an independent source and Greenhouse Friendly assessors using the National Carbon Accounting ToolboxThe National Carbon Accounting Toolbox provides the tools for tracking greenhouse gas emissions and carbon stock changes from land use and management. (NCAT). We note that Greenhouse Friendly do not provide a separate certificate on approval.

    Do you provide quality assurance or technical documentation on your web site or on request?
    [Q16]

    http://www.greenfleet.com.au/Global/Researchers/Technical_information/in...

    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]- Yes, our own online calculator
    Carbon calculation - methodology, standards or guidelines
    [Q13]- NGA FactorsThe National Greenhouse Accounts (NGA) Factors is an Australian guide to emission factors from a range of sectors that is used by companies to calculate greenhouse gases. It is prepared by the Department of Climate Change and replaces the AGO Factors & Methods Workbook. For more information, see here.
    - Bureau of Infrastructure, Transport and Regional Economics Transport Statistics
    -ABS Survey of Motor Vehicle Use
    To calculate customer emissions do you apply National Greenhouse Accounts Factors full fuel cycle emissions conversion factors?
    [Q14]- Yes
    In 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 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.
    - MethaneMethane (CH4) is a greenhouse gas with a GWP 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 potential of about 310 times that of CO2.it breaks down very slowly – over about 120 years
    Other carbon management services
    [Q11]- Advisory services
    - Gifts
    - Scoping customer emissions

    [Find out more about carbon offsetting]

    Projects

    Project Information

    National Biodiverse Reforestation Projects | ACT | NSW | QLD | SA | VIC | WA Australia Afforestation / reforestation with multiple locally occurring species of vegetation Non-accredited offsets

    General Information

    [Q22, Q25]

    Own Project | Greenfleet plants biodiverse, native forests to act as permanent carbon sinksAny process which removes a greenhouse gas from the atmosphere. Major sinks include forests and other vegetation.. We plant a mixture of native species, local to each planting site, to provide positive local environment outcomes as well as carbon capture.
    Since 1997, Greenfleet has planted more than 6 million trees, which will offset more than 1.6 million tonnes CO2-eCarbon dioxide equivalentCarbon 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.. In order to compare emissions between the six 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. 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). they have been assigned a 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. (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, methaneMethane (CH4) is a greenhouse gas with a GWP of 21. has a GWP of 21, meaning it has 21 times the amount of heating capacity of CO2. as they grow. In 2008 Greenfleet planted more than 1.7 million trees, to re-establish 1,700ha of forests at various sites across Vic, NSW, SA and Qld. In 2009, we have already commenced planting preparations for 500ha, with a further 6,500ha earmarked as potential planting sites.


    Price per tonne of CO2e
    [Q24]

    AU$11.20 (income tax deductible) - self-serve via internet (individuals purchasing offsets for home, car, flights)
    AU$12.50 (+GST in some instances) - corporate purchases, assisted by Greenfleet staff

    Project Type(s)
    [Q26]- Afforestation / reforestation with multiple locally occurring species of vegetation
    Project Location(s)
    [Q27, Q28]Australia | ACT | NSW | QLD | SA | VIC | WA
    Project Size (tonnes of CO2e)
    [Q29]Average 268kg CO2e per ha (in total, not per year) across entire project. Total size of project >6,000ha across multiple sites (and growing) with anticipated yields in excess of 200,000 CO2-e tonnes by 2012. Sequestration models predict an exponential increase in carbon abatement for at least the first 20 years of each project.

    Quality

    Date project started to generate verified emission reductions (VERs) / offset credits
    [Q31]- 1 Jan 1998
    Crediting period of the project (in years)
    [Q32]- This forest sink project methodology has been given a standard 5 year crediting period by Greenhouse Friendly.
    Accreditation or certification achieved 9 October 2009
    [Q33a]- Non Accredited Offsets
    Relevant third party verification (not accreditation / certification)
    [Q35]

    - Methodology used is AS 4978.1 - 2006 Quantification, monitoring and reporting of greenhouse gasesGreenhouse Gases in the earth's atmosphere absorb and re-emit infrared radiation. 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. lists six major greenhouse gases, which vary in their relative warming effect. The six gases are: 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. (CO2), methane (CH4Methane (CH4) is a greenhouse gas with a GWP 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 potential of about 310 times that of CO2.it breaks down very slowly – over about 120 years (N2O), HFCs (hydrofluorocarbonsMajor releases of HFCs are from leakage 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 dioxide).), 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). (perfluorocarbons) and sulphur hexafluoride (SF6Sulphur hexafluoride (SF6) is a man-made chemical. The major sources of SF6 release include leakage from electrical switchgear, from magnesium smelting processes and use in semiconductor manufacture. It has by far the highest global warming potential (23,900 times that of carbon dioxide), however it is only released in relatively small amounts.). in forest sink projects. Part 1: AfforestationThe direct human-induced conversion of land that has not been forested for a period of at least 50 years to forested land through planting, seeding and/or the human-induced promotion of natural seed. and reafforestation. Greenfleet are an Approved AbatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. Provider for Greenhouse FriendlySee AGO GF'Australian Greenhouse Office Greenhouse Friendly' Abatement Program was launched in 2001 and now forms part of the Australian Government's Greenhouse Challenge Plus programme. It provides businesses and consumers with the opportunity to sell and purchase greenhouse neutral products and services and broaden the basis for investment in additional greenhouse gas abatement. For more information, see here. as of 3 January 2008. Whilst this approves the methodology of this planting project, the second stage of approval, submitting an Abatement Claim as per the Greenhouse Friendly Guidelines that will potentially entitle abatement calculated to be sold as verified emission 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 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. 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.
    ) has not been completed. The second stage of the process gives verification of abatement by both an independent source and Greenhouse Friendly assessors using the National Carbon Accounting ToolboxThe National Carbon Accounting Toolbox provides the tools for tracking greenhouse gas emissions and carbon stock changes from land use and management. (NCAT). We note that Greenhouse Friendly do not provide a separate certificate on approval.

    Registry on which project is registered
    [Q36]- internal registry
    - Currently maintaining internal database, until forests have matured enough to retireIn the context of carbon offsets, this means to remove a carbon credit or permit from the market. As a result of retirement those offsets cannot be traded any further. Retiring offsets is a means of regulating offsetting and preventing companies and individuals from selling or buying offsets that have already been used. abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. to external registry.
    Process followed for retiring offsets from this project off the market
    [Q37]- We retire them (later) in lump sum batches on behalf of the customer
    Retirement of abatement verified to your client via
    [Q38] - The most appropriate method, will be determined when we have verified offsets to retireIn the context of carbon offsets, this means to remove a carbon credit or permit from the market. As a result 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. those offsets cannot be traded any further. Retiring offsets is a means of regulating offsetting and preventing companies and individuals from selling or buying offsets that have already been used.. Yet to retire offsets (forests still growing) however, given the Federal Government's choice to sunset Greenhouse FriendlySee AGO GF'Australian Greenhouse Office Greenhouse Friendly' Abatement Program was launched in 2001 and now forms part of the Australian Government's Greenhouse Challenge Plus programme. It provides businesses and consumers with the opportunity to sell and purchase greenhouse neutral products and services and broaden the basis for investment in additional greenhouse gas abatement. For more information, see here., Greenfleet intend to retire further abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. through CPRSAustralia's 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. 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. mechanisms.
    Ancillary or co-benefits of the project
    [Q39]- Additional environmental benefits include restoration of local ecosystems, native wildlife habitat and corridors, reduced salinity and erosion, improved water quality and increased resilience of landscape to adapt to climate change. Local planting contractors and nurseries are used where possible, so local community and economies also benefit.

    Greenfleet | ACT | NSW | QLD | SA | VIC | WA Australia Afforestation / reforestation with multiple locally occurring species of vegetation Non-accredited offsets

    General Information

    [Q22, Q25]

    Own Project | The Greenfleet program plants permanent native forests to sequesterThe uptake and storage of carbon from the atmosphere. For example trees and other plants sequester 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. from the atmosphere as they grow, through the process of photosynthesis. carbon and to create an investment in rural Australia for future generations. The program seeks to educate people about the impact of their emissions and works with them to avoid and reduce emissions before offsetting takes place.
    Carbon offsets are part of, not the whole answer to, addressing climate change.
    The forests Greenfleet plant do more than just take carbon from the atmosphere. We plant a wide variety of native trees in permanent forests that help to reduce salinity and soil erosion, provide essential habitat for native wildlife, improve water quality in rivers and streams, provide wind-breaks, and invest in rural communities.
    Established in 1997, Greenfleet has planted in excess of 6 million trees on behalf of Australian individuals and businesses who are taking action to reduce their contribution to climate change. As they grow, these trees will recapture more than 1.6 million tonnes of 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. – equivalent to taking more than 400,000 cars off the road for an entire year.


    Price per tonne of CO2e
    [Q24]

    AU$11.20 (tax deductible for individuals) to AU$12.50+GST (for corporate clients)

    Project Type(s)
    [Q26]- Afforestation / reforestation with multiple locally occurring species of vegetation
    Project Location(s)
    [Q27, Q28]Australia | ACT | NSW | QLD | SA | VIC | WA
    Project Size (tonnes of CO2e)
    [Q29]Average 268kg CO2e per ha (in total, not per year) across entire project. Total size of project >6,000ha across multiple sites (and growing) with anticipated yields in excess of 200,000 CO2-e tonnes by 2012. Sequestration models predict an exponential increase in carbon abatement for at least the first 20 years of each project.

    Quality

    Date project started to generate verified emission reductions (VERs) / offset credits
    [Q31]- 28 Sep 1997
    Crediting period of the project (in years)
    [Q32]- This forest sink project methodology has been given astandard 5 year crediting period by Greenhouse Friendly.
    Accreditation or certification achieved 9 October 2009
    [Q33a]- Non Accredited Offsets
    Relevant third party verification (not accreditation / certification)
    [Q35]

    - Methodology used is AS 4978.1 - 2006 Quantification, monitoring and reporting of greenhouse gasesGreenhouse Gases in the earth's atmosphere absorb and re-emit infrared radiation. 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. lists six major greenhouse gases, which vary in their relative warming effect. The six gases are: 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. (CO2), methane (CH4Methane (CH4) is a greenhouse gas with a GWP 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 potential of about 310 times that of CO2.it breaks down very slowly – over about 120 years (N2O), HFCs (hydrofluorocarbonsMajor releases of HFCs are from leakage 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 dioxide).), 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). (perfluorocarbons) and sulphur hexafluoride (SF6Sulphur hexafluoride (SF6) is a man-made chemical. The major sources of SF6 release include leakage from electrical switchgear, from magnesium smelting processes and use in semiconductor manufacture. It has by far the highest global warming potential (23,900 times that of carbon dioxide), however it is only released in relatively small amounts.). in forest sink projects. Part 1: AfforestationThe direct human-induced conversion of land that has not been forested for a period of at least 50 years to forested land through planting, seeding and/or the human-induced promotion of natural seed. and reafforestation. Greenfleet are an Approved AbatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. Provider for Greenhouse FriendlySee AGO GF'Australian Greenhouse Office Greenhouse Friendly' Abatement Program was launched in 2001 and now forms part of the Australian Government's Greenhouse Challenge Plus programme. It provides businesses and consumers with the opportunity to sell and purchase greenhouse neutral products and services and broaden the basis for investment in additional greenhouse gas abatement. For more information, see here. as of 3 January 2008. Whilst this approves the methodology of this planting project, the second stage of approval, submitting an Abatement Claim as per the Greenhouse Friendly Guidelines that will potentially entitle abatement calculated to be sold as verified emission 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 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. 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.
    ) has not yet occurred. The second stage of the process gives verification of abatement by both an independent source and Greenhouse Friendly assessors using the National Carbon Accounting ToolboxThe National Carbon Accounting Toolbox provides the tools for tracking greenhouse gas emissions and carbon stock changes from land use and management. (NCAT). We note that Greenhouse Friendly do not provide a separate certificate on approval.

    Registry on which project is registered
    [Q36]- internal registry
    - Currently maintaining internal database, until forests have matured enough to retireIn the context of carbon offsets, this means to remove a carbon credit or permit from the market. As a result of retirement those offsets cannot be traded any further. Retiring offsets is a means of regulating offsetting and preventing companies and individuals from selling or buying offsets that have already been used. abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. to external registry.
    Process followed for retiring offsets from this project off the market
    [Q37]- We retire them (later) in lump sum batches on behalf of the customer
    Retirement of abatement verified to your client via
    [Q38] - The most appropriate method, will be determined when we have verified offsets to retireIn the context of carbon offsets, this means to remove a carbon credit or permit from the market. As a result 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. those offsets cannot be traded any further. Retiring offsets is a means of regulating offsetting and preventing companies and individuals from selling or buying offsets that have already been used.. Yet to retire offsets (forests still growing).We also note the Federal Government's decision to end Greenhouse FriendlySee AGO GF'Australian Greenhouse Office Greenhouse Friendly' Abatement Program was launched in 2001 and now forms part of the Australian Government's Greenhouse Challenge Plus programme. It provides businesses and consumers with the opportunity to sell and purchase greenhouse neutral products and services and broaden the basis for investment in additional greenhouse gas abatement. For more information, see here. at 30 June 2010. It is Greenfleet's intention to verify its plantations under the CPRSAustralia's 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. 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. when it comes into effect.
    Ancillary or co-benefits of the project
    [Q39]- Greenfleet plants biodiverse carbon sink forests which that take carbon out of the atmosphere. Greenfleet's policy of planting for biodiversity and restoring native vegetation to heavily degraded areas means that as well as sequestering carbon, offsetters are making a positive contribution to the landscape by restoring sites to their original state, reducing soil erosion, lowering salinity, improving water flow and quality and providing habitat for native wildlife.

    Contact Details

    Contact Details

    For more information please contact:

    Greenfleet
    www.greenfleet.com.au
    1800 032 999
    Level 6, 620 Bourke Street, Melbourne VIC 3000