Australian Carbon Traders

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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. , BrokerA broker is an intermediary, who buys and sells carbon offsets on behalf of clients.    Price (per tonne CO2e) : AU$0 - AU$40

    Summary

    Australian Carbon Traders's view on the role of carbon offsets in addressing climate change

    "Offsets are only part of the solution to climate change. Their role is to allow investment to be directed to the most cost effective method of reducing emissions.
    The establishment of a reputable voluntary offset market hinges on the need for companies to work with respected and ethical suppliers of carbon offsets. Australian Carbon Traders focuses on providing verified emissions to companies and individuals who want to be sure they are actually creating or buying abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual..
    Australian Carbon Traders also works closely with landholders to ensure that they get a fair deal for carbon sequestration projects on their land. This is backed by the Australian Forest Abatement Registry (www.afar.net.au), where landholders can register and manage their own forest sink project."


    Detailed InformationClick on the tabs below for more information:

    Summary

    Role in the Carbon Offset Market
    [Q1]Project developer, Retailer, Broker
    Main client base
    [Q3]Landholders,Corporate, Councils,

    Broker

    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)
    - Purchase for surrenderCarbon offsets are purchased and retired from the market by the offset provider.
    - Outright property purchases
    - Property purchase and management contract
    Standard brokerage fees determined by
    [Q24]- Fees depend on the complexity of the project
    Indicative pricing
    [Q25]- 10% for 10 offsets
    - 7% for 100 offsets
    - 5% for 1,000 offsets
    - 3% for 10,000 offsets
    Minimum tonnage required per transaction?
    [Q26]- None
    How 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.)
    - Tax Receipt
    - 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)
    - Dedicated online registry and electronic certificates
    Independent certification and/or third party documentation to prove the validity of all the different offsets that you provide available
    [Q28]- On request
    - Most of the time

    Offset Products

    Offset Products

    Price(s) per tonne
    [Q17]AU$0 - AU$40
    Project Type(s)
    [Q23]- Plantation of monoculture non-native plantation for harvesting
    - Plantation of monoculture of native species for harvesting
    - Afforestation / reforestation with Australian native vegetation (as opposed to locally appropriate)
    - Afforestation / reforestation with multiple locally occurring species of vegetation
    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]No
    Offsets generated and sold by Australian Carbon Traders
    [Q33a]Non-accredited forestry offsets
    How does your organisation calculate the amount and price of carbon offset required by customers?
    [Q10]- We do not provide auditing service. We believe that there needs to be separation between the auditing of emissions and the provision of offsets to ensure impartiality. We have a range of options that clients can use to determine emission levels, including recommended auditors or government sponsored links. The choice depends on whether client needs are for compliance or voluntary measures.
    Do you provide quality assurance or technical documentation on your web site or on request?
    [Q16]Information not provided
    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] Yes, 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. abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. (originated under this Standard only)
    [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]- 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]- No
    Other carbon management services
    [Q11]- Advisory services
    - Scoping customer emissions
    - Measuring and reporting services for carbon abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. projects
    - Management services for forest sink projects including carbon matching services
    - Project developments
    - Project assessment
    - Business design
    - Carbon pool management and individual project management
    - Total farm carbon management plans, farm emissions auditing and forest sink assessments


    [Find out more about carbon offsetting]

    Projects

    Project Information

    Various forestry projects | VIC VIC Plantation of monoculture non-native plantation for harvesting, Plantation of monoculture of native species for harvesting, Afforestation / reforestation with Australian native vegetation (as opposed to locally appropriate), Afforestation / reforestation with multiple locally occurring species of vegetation Non-accredited forestry offsets

    General Information

    [Q22, Q25]

    Own Project | Please refer to Australian Carbon Traders website for the extensive range of services offered to landholders, purcacers and pool managers at www.afar.com.au.


    Price per tonne of CO2e
    [Q24]

    Information not provided

    Project Location(s)
    [Q27, Q28]Australia | VIC
    Project Size (tonnes of CO2e)
    [Q29] Various

    Quality

    Crediting period of the project (in years)
    [Q32]- Information not supplied
    Accreditation or certification achieved as at May 2010
    [Q33a]- Non-accredited forestry offsets
    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]- No
    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]- both
    [Q38 Explanation]Explanation to Customers on which type they are buying
    Information not supplied
    The registry on which offsets from this project are registered
    [Q39]- Our organisations internal registry
    The process for retiring offsets from this project off the market
    [Q40]- Via our organisations internal registry
    How is the retirement of abatement verified to your client?
    [Q41]- Information not supplied
    The ancillary or co-benefits of this project
    [Q42]- Information not supplied

    Contact Details

    Contact Details

    For more information please contact:

    Australian Carbon Traders
    www.australiancarbontraders.com
    +61 3 5470 5722
    Information Submitted by Australian Carbon Traders in April 2010