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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$20

    Summary

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

    "Carbon offset is critical for giving the atmosphere some breathing space while the world shifts to sustainable fuels for ships, including bio-bunker fuels made from algae. The Funnel Exchange seeks to provide carbon services to the world's leading shipping companies. "


    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]Shipping Companies

    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.
    - Financial Options
    - Purchase for surrenderCarbon offsets are purchased and retired from the market by the offset provider.
    Standard brokerage fees determined by
    [Q24]- Our brokerage fees vary and are based on volume
    - Our brokerage fees are created as a percentage of the total transaction amount
    Indicative pricing
    [Q25]- 100% for 1,000 offsets
    - 50% for 10,000 offsets
    Minimum tonnage required per transaction?
    [Q26]- More than 100
    How is the retirement of abatement verified to your client?
    [Q27]- 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)
    Independent certification and/or third party documentation to prove the validity of all the different offsets that you provide available
    [Q28]- On request

    Offset Products

    Offset Products

    Price(s) per tonne
    [Q17]AU$0 - AU$20
    Project Type(s)
    [Q23]- Soil sequestration
    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 Funnel
    [Q33a]Non-accredited soil sequestration offsets
    How does your organisation calculate the amount and price of carbon offset required by customers?
    [Q10]- Personal contact from customers wanting the service of carbon footprinting and (generic) offset purchase to achieve carbon neutrality
    Relevant third party verification (not accreditation / certification)
    [Q35] - Prime Carbon's Soil Enhancement and Carbon Sequestraion program methodology is available on their website at http://www.primecarbon.com.au/what/docs/Methodology_for_Supported_Land_M...
    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
    - 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
    - Tax Invoice
    What documentation is available to customers about the carbon offset project/s as part of the education and quality assurance process?
    [Q22]- Detailed information on the carbon credit suppliers website.


    [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, personalised assessment
    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.
    - GHG ProtocolThe Greenhouse Gas Protocol. The GHG Protocol is an international accounting tool for government and business to understand, quantify, and manage greenhouse gas emissions. It has been developed by a partnership between the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD) and provides an internationally accepted accounting framework for GHG standards and programs, as well as inventories prepared by individual companies.
    Do you apply National Greenhouse Accounts Factors full fuel cycle emissions conversion factors to calculate customer emissions?
    [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 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 years
    Other carbon management services
    [Q11]- Footprinting services
    - Scoping customer emissions
    - Auditing
    - 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

    [Find out more about carbon offsetting]

    Projects

    Project Information

    The Prime Carbon "Soil Enhancement and Carbon Sequestration Program" | ACT | NSW | NT | QLD | SA | TAS | VIC | WA ACT, NSW, NT, QLD, SA, TAS, VIC, WA Soil sequestration Non-accredited soil sequestration offsets

    General Information

    This project is not owned by Funnel | Prime Carbon has developed a comprehensive methodology for the operation of a program generating carbon offsets. A copy of this methodology is available on oure website at http://www.primecarbon.com.au/what/docs/Methodology_for_Supported_Land_M...
    The program results in abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. being issued in exchange for Landholders undertaking a specific set of actions which lead to the removal of carbon from the atmosphere and the building of a reserve of soil carbon by photosynthetic activity.
    In general the set of actions requires a Landholder to:
    1. use 3 products or processes that have been “Accredited“ by Prime Carbon and that have been proven to increase soil carbon
    2. reduce the use of synthetic/chemical fertilizers by at least 30%
    3. adopt minimum tillage practices being no more than once annually and then only to a maximum depth of 200 mm
    4. allow independent measurement of incremental changes in carbon in the allocated land to be undertaken and
    5. allow independent auditing of the process.
    This set of actions amounts to a controlled implementation of sustainable practices for the management of soil carbon reserves.
    Importantly, there is no restriction on continuing to farm or use the allocated land during the agreement term.


    Price per tonne of CO2e
    [Q24]

    $8.00 to $10.00 per tonne


    Quality

    Accreditation or certification achieved as at May 2010
    [Q33a]- Non-accredited soil sequestration offsets
    Relevant third party verification (not accreditation / certification)
    [Q35]

    - Prime Carbon's Soil Enhancement and Carbon Sequestraion program methodology is available on their website at http://www.primecarbon.com.au/what/docs/Methodology_for_Supported_Land_M...

    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]- Yes

    Contact Details

    Contact Details

    For more information please contact:

    Funnel
    http://www.thefunnelexchange.com
    +61 410 450 351
    181 Flinders Street East, Townsville, 4810 Queensland Australia
    Information Submitted by Funnel in April 2010