Offset The Rest

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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. , BrokerA broker is an intermediary, who buys and sells carbon offsets on behalf of clients.    Price (per tonne CO2e) : AU$21 - AU$40

    Summary

    Offset The Rest's view on the role of carbon offsets in addressing climate change

    "At Offset the Rest our core objective is to promote the reduction of greenhouse gas emissions through sustainable and efficient practices and to encourage the offsetting of any unavoidable emissions. We believe that in order to address climate change people need to: firstly, understand their carbon footprints; secondly, put steps in place to reduce their emissions and thirdly, offset any unavoidable emissions, using quality carbon credits. Carbon offsets contribute to the growth of renewable energy projects worldwide in the interests of global sustainability. We prefer to invest in offsets generated by Gold StandardA certification standard for carbon offset projects. Initiated by WWF, SSN and Helio International, the Gold Standard for 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. projects was launched in 2003 after wide-ranging stakeholder consultation among key actors of the carbon market as well as governments. For more information see here. projects as they are renowned for their premium quality and originate from projects that promote sustainable development benefits with proven environmental integrity.
    We provide services for both individuals and businesses. Individuals can measure their carbon footprint using our online calculator and then purchase an appropriate amount of carbon credits to offset their emissions. For businesses, we offer carbon footprint measurement, footprint reduction advice and the ability to offset their emissions. We can also provide 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. certification."


    Detailed InformationClick on the tabs below for more information:

    Summary

    Role in the Carbon Offset Market
    [Q1]Retailer, Broker
    Main client base
    [Q3]Wide range of individuals and businesses

    Broker

    Broker Information

    Types of transactions in carbon credits offered
    [Q23b]- 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
    Indicative pricing
    [Q25]Information not provided
    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)
    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$21 - AU$40
    Project Type(s)
    [Q23]- Wind
    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 Offset The Rest
    [Q33a]- Independent third party verification to Gold StandardA certification standard for carbon offset projects. Initiated by WWF, SSN and Helio International, the Gold Standard for CDM projects was launched in 2003 after wide-ranging stakeholder consultation among key actors of the carbon market as well as governments. For more information see here. for 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. as applied to JIThe Kyoto Protocol Joint Implementation mechanism allows developed countries to earn credits in the form of Emission Reduction Units (ERUs) when they finance projects that reduce net greenhouse gas emissions in another developed country. For more information see here. projects by DNV (Det Norske Veritus)
    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.offsettherest.com/projects.html

    Is your organisation audited by an independent third party for the sale and retirement of offsets and / or RECs?
    [Q16b] 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. of offsets
    Audited: Annually
    Does your organisation supply National Carbon Offset Standard (NCOS) or NCOS compliant abatement to customers from 1st July 2010?
    [Q18] Yes, NCOS compliantAbatement that is compliant with the National Carbon Offset Standard. NCOS compliant abatement currently includes Certified Emissions Reductions (CERs) except long term (lCERs) and temporary (tCERs); Emission Reduction Units (ERUs); Removal Units (RMUs); Voluntary Emissions Reductions (VERs) issued by the Gold Standard*; Voluntary Carbon Units (VCUs) issued by the Voluntary Carbon Standard, however where VCU credits are issued for reduced emissions from deforestation and degradation (REDD) and other agriculture forestry and land use (AFOLU) projects, they must apply methodologies approved under the NCOS Standard. abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual.
    [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
    - 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


    [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
    - 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.
    - ISO 14000ISO 14000 is a set of international standards, which provide a framework for the development of an environmental management system (EMS) and supporting audit programs. The ISO 14000 series are intended to help organisations comply with applicable laws, regulations and requirements and to continually improve on their environmental performance.
    - ISO 14064A global GHG accounting, reporting and verification standard. The goal of the standard is to 'provide a set of unambiguous and verifiable requirements or specifications to support organisations and proponents of GHG emissions reductions projects.'
    - Carbon Trust’s PAS 2050PAS 2050 is a product carbon footprinting standard. It provides a method for assessing the GHG emissions arising from products across their life cycle, from initial sourcing of raw materials through manufacture, transport, use and ultimately recycling or waste. The Carbon Trust and Defra co-sponsored the publication by the British Standards Institution of PAS 2050.
    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
    - HydrofluorocarbonsMajor releases of HFCs are from leakageIn relation to carbon offsets, leakage is the direct or indirect increase in GHG emissions from a greenhouse gas reduction project, which is also measurable and attributable to the project. 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 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.).
    - PerfluorocarbonsMost emissions of 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). in Australia are generated during aluminium production. PFCs have extremely high global warming potentials (5000 to 10,000 times that of 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.). 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).
    Other carbon management services
    [Q11]- Footprinting services
    - Advisory services
    - Gifts
    - Carbon neutrality
    - Scoping customer emissions
    - Emissions monitoring

    [Find out more about carbon offsetting]

    Projects

    Project Information

    Te Apiti Wind Farm | International International Wind Independent third party verification to Gold Standard for CDM as applied to JI projects by DNV (Det Norske Veritus)

    General Information

    This project is not owned by Offset The Rest | Te Apiti is a wind farm located north of the Manawatu Gorge on 1,150 hectares of farmland, and importantly is the first wind farm in New Zealand to supply electricity directly into the National Grid. Te Apiti consists of 55 turbines, each capable of generating 1.65 MW, or enough power for 900 average homes. Total capacity of the wind farm is 90.75 MW, providing clean, renewable energy to 45,000 average homes per year. Te Apiti is expected to continue generating at this level for the next 20 years.


    Price per tonne of CO2e
    [Q24]

    AUD $32


    Quality

    Accreditation or certification achieved as at May 2010
    [Q33a]- Independent third party verification to Gold StandardA certification standard for carbon offset projects. Initiated by WWF, SSN and Helio International, the Gold Standard for CDM projects was launched in 2003 after wide-ranging stakeholder consultation among key actors of the carbon market as well as governments. For more information see here. for 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. as applied to JIThe Kyoto Protocol Joint Implementation mechanism allows developed countries to earn credits in the form of Emission Reduction Units (ERUs) when they finance projects that reduce net greenhouse gas emissions in another developed country. For more information see here. projects by DNV (Det Norske Veritus)
    Are the verified emission reductions created from this project NCOS compliant abatement?
    [Q36]

    - Yes, NCOS compliantAbatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. that is compliant with the National Carbon Offset Standard. 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. compliant abatement currently includes Certified Emissions Reductions (CERsCertified Emission Reductions are credits generated under Kyoto's CDM. One CER unit is equivalent to the reduction of one metric tonne of CO2e. They are designed to be used by industrialised countries to count towards meeting their Kyoto targets. They can also be used as part of domestic targets, for example EU companies and governments use them as offsets against their emissions under the EU Emissions Trading Scheme.) except long term (lCERs) and temporary (tCERs); Emission Reduction Units (ERUs); Removal Units (RMUs); Voluntary Emissions 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 CDM 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.
    ) issued by the Gold StandardA certification standard for carbon offset projects. Initiated by WWF, SSN and Helio International, the Gold Standard for CDM projects was launched in 2003 after wide-ranging stakeholder consultation among key actors of the carbon market as well as governments. For more information see here.*; Voluntary Carbon Units (VCUs) issued by the Voluntary Carbon StandardThe VCS Program includes the standard (VCS 2007) and the Program Guidelines 2007. The VCS Program provides a new global standard and criteria for validating, measuring, and monitoring voluntary carbon offset projects. For more information, see here., however where VCU credits are issued for reduced emissions from deforestation and degradation (REDDReducing Emissions from Deforestation and Forest Degradation) and other agriculture forestry and land use (AFOLU) projects, they must apply methodologies approved under the NCOS Standard.
    abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual.

    Is this project additional to Australia's commitments under Kyoto
    [Q37]- Yes

    Contact Details

    Contact Details

    For more information please contact:

    Offset The Rest
    info@offsettherest.com
    +64 3 548 0957
    PO Box 134, Nelson, New Zealand