SMRC

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    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.    Price (per tonne CO2e) : AU$0 - AU$10

    Summary

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

    "The SMRC view the role of carbon offsets as the final optionIn finance, an option is a contract between a buyer and a seller that gives the buyer the right—but not the obligation—to buy or to sell offsets at a later day at an agreed price. In return for granting the option, the seller collects a payment from the buyer. A call optionA call option is a financial contract between two parties, the buyer and the seller of an abatement option. It is the option to buy abatement at a specified time in the future. The buyer of the option has the right, but not the obligation to buy an agreed quantity of abatement from the seller of the option at a certain time for a certain price (the strike price). The seller (or "writer") is obligated to sell the commodity (e.g. carbon offsets). The buyer pays a fee (called a premium) for this right. gives the buyer the right to buy the offset / credit; a put optionA put option gives the buyer of the option the right, established through a contract to sell the offset / credit. For put options, the abatement is sold at the strike price. gives the buyer of the option the right to sell the offset / credit. under an emissions reductionA measurable reduction in the level 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). being emitted by a country, state, organisation or individual. strategy for which the hierarchy of action should be to: measure, reduce, re-measure and then offset unavoidable emissions with verified emission reductions."


    Detailed InformationClick on the tabs below for more information:

    Summary

    Role in the Carbon Offset Market
    [Q1]Project developer, Retailer
    Main client base
    [Q3]Corporates. brokers, Govt, Conferences, Retail

    Offset Products

    Offset Products

    Price(s) per tonne
    [Q17]AU$0 - AU$10
    Project Type(s)
    [Q23]- Methane avoidance through landfill diversion
    Project Location(s)
    [Q27]- Domestic
    Are 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]Information not provided
    Offsets generated and sold by SMRC
    [Q33a]- Greenhouse FriendlyGreenhouse Friendly 'The Greenhouse Friendly™ initiative has been operating since 2001 to certify carbon neutral products and services and approve abatement credits for sale on the voluntary market, including to Greenhouse Friendly™ certified product and service providers. Introduction of the Carbon Pollution Reduction Scheme (the Scheme) has implications for Greenhouse Friendly™. The Scheme will have broad sectoral coverage, which means there will be less scope to pursue offset activities with offsets limited to emissions sources uncovered by the Scheme. This means the Scheme will impact on the types of abatement that can be provided, because abatement in sectors covered by the Scheme will no longer be additional to “business as usual”. For these reasons Greenhouse Friendly™ will wind up on 1 July 2010. Greenhouse Friendly™ certification of carbon neutral products and services will continue to operate until 1 July 2010. Applications for new abatement projects have closed. Abatement may be generated by current Greenhouse Friendly™ abatement providers up to 1 July 2010, and may still be sold and purchased after that date.
    How does your organisation calculate the amount and price of carbon offset required by customers?
    [Q10]- Customer’s online data input about flights, car usage, electricity consumption etc. (i.e. online only service)
    - 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 neutrality
    Do you provide quality assurance or technical documentation on your web site or on request?
    [Q16]

    http://www.smrc.com.au/go/what-we-do/carbon-abatement

    Is your organisation audited by an independent third party for the sale and retirement of offsets and / or RECs?
    [Q16b] No
    Does 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?
    - Certificate for amount of offset purchased
    - Independent certification and / or third party documentation in relation to the project
    - 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
    - Serial numbers to identify offset units purchased
    - Tax Invoice
    What documentation is available to customers about the carbon offset project/s as part of the education and quality assurance process?
    [Q22]- Information not supplied


    [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]- Footprinting services
    - Advisory services
    - Carbon neutrality
    - Scoping customer emissions
    - 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

    [Find out more about carbon offsetting]

    Projects

    Project Information

    Southern Metropolitan Regional Council Waste Composting Facility | WA WA Methane avoidance through landfill diversion Greenhouse Friendly (GHF)

    General Information

    [Q22, Q25]

    Own Project | Activities conducted at the Waste Ccomposting Facility (WCF) reduce greenhouse gas emissions since December 2005. The WCF AbatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. Project methodology is approved by Greenhouse Friendly™ under the Greenhouse Friendly™ Programme. The abatement arises from the avoidance 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. emissions that would have been generated by the business as usual scenario of placing the organic component of the waste stream into landfillA hole in the ground where domestic waste and waste products from industry are put and covered with soil. .
    Comprehensive audit data provides for accurate modelling of the emission factors associated with each organic component of the waste stream. All operating emissions, such as purchased electricity and fuel, associated with processing the waste and delivering compost to end users are recorded and deducted from the avoided landfill emissions. The entire methodology and data collection is subject to the stringent annual and independent audit procedures required under Greenhouse Friendly™ programme and includes demonstrating ownership, additionality and permanence.


    Price per tonne of CO2e
    [Q24]

    Retail $10/t or volume dependant for wholesale

    Project Location(s)
    [Q27, Q28]Australia | WA
    Project Size (tonnes of CO2e)
    [Q29] Approximately 80,000 tCo2-e

    Quality

    Date project started to generate verified emission reductions (VERs) / offset credits
    [Q31]- 30 Nov 2005
    Crediting period of the project (in years)
    [Q32]- 5 years
    Accreditation or certification achieved as at May 2010
    [Q33a]- Greenhouse FriendlyGreenhouse Friendly 'The Greenhouse Friendly™ initiative has been operating since 2001 to certify carbon neutral products and services and approve abatement credits for sale on the voluntary market, including to Greenhouse Friendly™ certified product and service providers. Introduction of the Carbon Pollution Reduction Scheme (the Scheme) has implications for Greenhouse Friendly™. The Scheme will have broad sectoral coverage, which means there will be less scope to pursue offset activities with offsets limited to emissions sources uncovered by the Scheme. This means the Scheme will impact on the types of abatement that can be provided, because abatement in sectors covered by the Scheme will no longer be additional to “business as usual”. For these reasons Greenhouse Friendly™ will wind up on 1 July 2010. Greenhouse Friendly™ certification of carbon neutral products and services will continue to operate until 1 July 2010. Applications for new abatement projects have closed. Abatement may be generated by current Greenhouse Friendly™ abatement providers up to 1 July 2010, and may still be sold and purchased after that date.
    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]- Technically, abatement created from this project before March 2008 remains additional to Australia’s Kyoto commitments (Australia ratified the Kyoto Protocol on November 2007 and the agreement took effect at this time).
    Do 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]- They are registered with Greenhouse FriendlyGreenhouse Friendly 'The Greenhouse Friendly™ initiative has been operating since 2001 to certify carbon neutral products and services and approve abatement credits for sale on the voluntary market, including to Greenhouse Friendly™ certified product and service providers. Introduction of the Carbon Pollution Reduction Scheme (the Scheme) has implications for Greenhouse Friendly™. The Scheme will have broad sectoral coverage, which means there will be less scope to pursue offset activities with offsets limited to emissions sources uncovered by the Scheme. This means the Scheme will impact on the types of abatement that can be provided, because abatement in sectors covered by the Scheme will no longer be additional to “business as usual”. For these reasons Greenhouse Friendly™ will wind up on 1 July 2010. Greenhouse Friendly™ certification of carbon neutral products and services will continue to operate until 1 July 2010. Applications for new abatement projects have closed. Abatement may be generated by current Greenhouse Friendly™ abatement providers up to 1 July 2010, and may still be sold and purchased after that date. Program Administrator (internal records)
    - Registered with the Department of Climate Change
    The process for retiring offsets from this project off the market
    [Q40]- We retire them concurrently at the time of purchase on behalf of the customer
    How is the retirement of abatement verified to your client?
    [Q41]- Via contract with Greenhouse FriendlyGreenhouse Friendly 'The Greenhouse Friendly™ initiative has been operating since 2001 to certify carbon neutral products and services and approve abatement credits for sale on the voluntary market, including to Greenhouse Friendly™ certified product and service providers. Introduction of the Carbon Pollution Reduction Scheme (the Scheme) has implications for Greenhouse Friendly™. The Scheme will have broad sectoral coverage, which means there will be less scope to pursue offset activities with offsets limited to emissions sources uncovered by the Scheme. This means the Scheme will impact on the types of abatement that can be provided, because abatement in sectors covered by the Scheme will no longer be additional to “business as usual”. For these reasons Greenhouse Friendly™ will wind up on 1 July 2010.

    Greenhouse Friendly™ certification of carbon neutral products and services will continue to operate until 1 July 2010. Applications for new abatement projects have closed. Abatement may be generated by current Greenhouse Friendly™ abatement providers up to 1 July 2010, and may still be sold and purchased after that date.
    (Transfer of Legal Title- Section 4.8). For each sale of Greenhouse Friendly Carbon AbatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. we are required by legal deed to report the transaction (hence retiring of offsets) within 20 days to the Department of Climate Change.
    The ancillary or co-benefits of this project
    [Q42]- SMRC's Regional Resouce Recovery Centre (RRRC) annually diverts from landfill over 200,000 tonnes of household waste generated by more than 380,000 residents and enables 85% of this waste stream to be recovered as valuable resources for re-use. The SMRC’s Climate Wise project team also works with community members, residents, business and industry, to reduce greenhouse gas emissions. A number of community programs have been established to educate, motivate and encourage the local community to take action to reduce greenhouse gas emissions. The application to land of the compost produced at the WCF reduces the reliance on synthetic fertilisers, improves water retention and increases soil organic matter.

    Contact Details

    Contact Details

    For more information please contact:

    SMRC
    www.smrc.com.au
    08 9329 2700
    9 Aldous Place, Booragoon, WA 6154