Neco

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    Primary activity : 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$11 - AU$50+

    Summary

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

    "Neco believes Carbon Offsets and Government accredited Schemes are important in addressing climate change through directing of investment into renewable energies, tree planting and other activities. After achieving carbon neutralA voluntary mechanism where an activity, event, household, business or organisation is responsible for no net emissions 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). 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 efficiencyEnergy efficiency improvements refer to a reduction in the energy used for a given service (heating, lighting, etc.) or level of activity. Such savings are generally achieved by substituting technologically more advanced equipment to produce the same level of end-use services (e.g. lighting, heating, motor drive) with less electricity. , purchasing renewable energy) and then purchasing offsets for any residual emissions in order to achieve zero net emissions. economies we should aim to all move towards Impact Positive economies.
    Neco believes Carbon Offsets are a valuable tool to move the market towards a more sustainable economy. However, it should be remembered that carbon offsets do not in themselves offer a total environmental solution to climate change and must be part of a balanced solution for any organisation or person.
    Neco uses a four stage methodology: Assess, Reduce, Offset, and Influence. Offsetting comes after reducing emissions as much as possible through good environmental practices such as energy efficiencyEnergy efficiency improvements refer to a reduction in the energy used for a given service (heating, lighting, etc.) or level of activity. Such savings are generally achieved by substituting technologically more advanced equipment to produce the same level of end-use services (e.g. lighting, heating, motor drive) with less electricity. , education and recycling. This in conjunction with influencing supply chains are in Neco's opinion most poignant.
    Neco generates and retails Carbon Credits from Australian Government Approved schemes and supplies these to partners and clients, at both consumer and commercial levels. It helps clients either Offset their impacts or become fully Carbon Neutral. "


    Detailed InformationClick on the tabs below for more information:

    Summary

    Role in the Carbon Offset Market
    [Q1]Retailer
    Main client base
    [Q3]Retail Consumers

    Offset Products

    Offset Products

    Price(s) per tonne
    [Q17]AU$11 - AU$50+
    Project Type(s)
    [Q23]- Solar
    - Wind
    - Energy Efficiency
    Project Location(s)
    [Q27]- Domestic
    Are offsets packaged with other services (such as footprinting, carbon neutrality etc)?
    [Q10]No

    [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 Neco
    [Q33a]- Renewable Energy Certificiates RECsRenewable Energy Certificates in Australia are issued by the Australian Government's Office of Renewable Energy Regulator. They are equivalent to one-megawatt hour of renewable electricity. RECs can be bought and sold both by electricity retailers and by other businesses in order to meet the legal requirements of MRET.
    - NSW Greenhouse Gas Abatement SchemeNew South Wales Greenhouse Gas Abatement Scheme commenced on 1 January 2003 and targets are set until 2012. It is one of the first mandatory greenhouse gas emissions trading schemes in the world. GGAS aims to reduce greenhouse gas emissions associated with the production and use of electricity. For more information see here. NGACsNew South Wales Greenhouse Gas Abatement Certificate is a tradeable commodity used in the NSW GGAS. One NGAC represents the abatement of one tonne of CO2e associated with the consumption of electricity in NSW. NGACs are transferable certificates that may only be created by accredited abatement certificate providers.
    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)
    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] No
    [Q19]
    What evidence of purchase can customers expect to receive when buying carbon offsets from your organisation?
    Information not provided
    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]- Advisory services
    - Gifts
    - Carbon neutrality
    - 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

    Renewable Energy Certificates - Solar and Wind Energy | ACT | NSW | NT | QLD | SA | TAS | VIC | WA ACT, NSW, NT, QLD, SA, TAS, VIC, WA Solar, Wind Renewable Energy Certificates RECs

    General Information

    This project is not owned by Neco | Renewable Energy CertificatesRenewable Energy Certificates in Australia are issued by the Australian Government's Office of Renewable Energy Regulator. They are equivalent to one-megawatt hour of renewable electricity. RECsRenewable Energy Certificates in Australia are issued by the Australian Government's Office of Renewable Energy Regulator. They are equivalent to one-megawatt hour of renewable electricity. RECs can be bought and sold both by electricity retailers and by other businesses in order to meet the legal requirements of MRET. can be bought and sold both by electricity retailers and by other businesses in order to meet the legal requirements of MRETMandatory Renewable Energy Target. The Australian Government has a policy commitment of a 20 percent share for renewable energy in Australia's electricity supply by 2020.. from Solar and Wind Energy


    Price per tonne of CO2e
    [Q24]

    AU$50 - AU$70 (volume dependent)


    Quality

    Accreditation or certification achieved as at May 2010
    [Q33a]- Renewable Energy Certificiates RECsRenewable Energy Certificates in Australia are issued by the Australian Government's Office of Renewable Energy Regulator. They are equivalent to one-megawatt hour of renewable electricity. RECs can be bought and sold both by electricity retailers and by other businesses in order to meet the legal requirements of MRET.
    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

    Showerheads and CFL Globe Sales - Demand Side Abatement | ACT | NSW ACT, NSW Energy Efficiency NSW Greenhouse Gas Abatement Scheme NGACs

    General Information

    [Q22, Q25]

    Own Project | Neco uses the GGASSee The NSW Greenhouse Gas Abatement SchemeNew South Wales Greenhouse Gas Abatement Scheme commenced on 1 January 2003 and targets are set until 2012. It is one of the first mandatory greenhouse gas emissions trading schemes in the world. GGAS aims to reduce greenhouse gas emissions associated with the production and use of electricity. For more information see here. Methodology to create Demand Side AbatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. energy efficiencyEnergy efficiency improvements refer to a reduction in the energy used for a given service (heating, lighting, etc.) or level of activity. Such savings are generally achieved by substituting technologically more advanced equipment to produce the same level of end-use services (e.g. lighting, heating, motor drive) with less electricity. credits, primarily through the sale and installation of CFLCompact fluorescent lampsCompact fluorescent lamps use less power and have a longer rated life than incandescent light bulbs and therefore use less energy across their lifecycle. use less power and have a longer rated life than incandescent light bulbs and therefore use less energy across their lifecycle. efficient lights and efficient showerheads, for residential and some commercial clients.


    Price per tonne of CO2e
    [Q24]

    AU$8 - AU$25 (volume dependent)

    Project Location(s)
    [Q27, Q28]Australia | ACT | NSW
    Project Size (tonnes of CO2e)
    [Q29] Over 1,000,000 since 2003

    Quality

    Date project started to generate verified emission reductions (VERs) / offset credits
    [Q31]- 1 Jan 2004
    Crediting period of the project (in years)
    [Q32]- There is no standard ‘crediting period’ as such for GGAS. Accreditation is maintained by complying with various ongoing requirements such as annual reporting, periodic auditing etc.
    Accreditation or certification achieved as at May 2010
    [Q33a]- NSW Greenhouse Gas Abatement SchemeNew South Wales Greenhouse Gas Abatement Scheme commenced on 1 January 2003 and targets are set until 2012. It is one of the first mandatory greenhouse gas emissions trading schemes in the world. GGAS aims to reduce greenhouse gas emissions associated with the production and use of electricity. For more information see here. NGACsNew South Wales Greenhouse Gas Abatement Certificate is a tradeable commodity used in the NSW GGAS. One NGAC represents the abatement of one tonne of CO2e associated with the consumption of electricity in NSW. NGACs are transferable certificates that may only be created by accredited abatement certificate providers.
    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]- Offset is only sold as verified emission reductions (retrospectively accrued)
    The registry on which offsets from this project are registered
    [Q39]- New South Wales Greenhouse Gas Registry
    The process for retiring offsets from this project off the market
    [Q40]- We retire them (later) in lump sum batches on behalf of the customer
    How is the retirement of abatement verified to your client?
    [Q41]- Registry transaction screenshot view
    The ancillary or co-benefits of this project
    [Q42]- Education of consumers about climate change and more efficient products. Raising awareness.

    Contact Details

    Contact Details

    For more information please contact:

    Neco
    www.neco.com.au
    1300 882 640
    101-107 Whitehorse Road, Blackburn - Melbourne, Victoria