Latest news with #AustralianCarbonCreditUnits
AU Financial Review
16 hours ago
- Business
- AU Financial Review
BHP and Rio's hopes for carbon millions dashed by sceptical officials
BHP and Rio Tinto's proposals to earn a windfall from environmental projects has been rejected by federal officials who have knocked back the commodity giants' hopes of earning valuable credits by storing carbon in mine waste and producing carbon-neutral diesel from trees. The country's two biggest mining companies have been urging the government to use Australian Carbon Credit Units to encourage a wider range of projects as part of Labor's push to give industry a bigger say in what should be eligible under the lucrative emissions permits scheme.
The Advertiser
13-05-2025
- The Advertiser
Travelling light: simple ways to reduce your carbon footprint on holiday
You've probably noticed when you buy an airline ticket you sometimes have the option to offset your carbon emissions, but did you know there are simpler ways to reduce a carbon footprint when you travel? But first, what does carbon offsetting mean? Sustainable Travel International's Kaitlyn Brajcich says once you work out how much carbon you have emitted through your trip, you could purchase carbon offsets to compensate for these emissions (you can do both at "The money that you pay for carbon offsets gets invested into different types of projects around the world that are either reducing or removing carbon from the atmosphere," says Brajcich, who is senior manager, communications and training. These could be projects that are helping to establish clean energy infrastructure such as a wind farm, or protecting an important forest ecosystem. But reducing your travel emissions could be done in various other preventative ways. The big one is the number of flights you take. Aircraft emit a lot of carbon and the fewer flights you take to reach your destination, the better. "You can use Google Flights to actually compare the carbon emissions of different routes and flights," Brajcich says. Australian National University associate professor in management Birgit Muskat recommends carrying less luggage, because a lighter plane uses less fuel. When you arrive at your destination, try tapping into the "slow travel" trend and spending longer in one place instead of visiting another destination. And just because someone else is paying your electricity and water bills at the hotel, it doesn't mean you should leave the air conditioning on. At your destination, think about the food waste you're producing - it would be better to eat at a local restaurant than grab takeaway in plastic packaging. And bring your own refillable water bottle to cut down on plastic waste. Taking public transport or walking instead of taking a taxi is another positive choice you can make. Ecotourism Australia chief executive officer Elissa Keenan recommends booking with tourism operators certified by credible sustainability programs (you can find Ecotourism Australia's list at "Stay at hotels, lodges, or parks that prioritise energy efficiency, waste reduction and water conservation as a standard part of their offering," Keenan says. Choose to book through accommodation websites that highlight certified sustainable accommodation operators, such as Similarly, look for tourism operators "who are giving back as part of their activities", such as those that support local conservation efforts or environmental initiatives, says Keenan. She recommends when offsetting your carbon you choose Australian programs registered under the Clean Energy Regulator's Emissions Reduction Fund that generate Australian Carbon Credit Units. The founder of Australian company FlyOnE, Korum Ellis, says it will be two or three years before small electric aircraft are advanced enough to be used for tourism in Australia. He runs three two-seater electric planes for pilot training between Perth and Rottnest Island, and is working towards replacing his fuel-powered aircraft with six-seater electric models for tourism in the future. In case you're still not sure whether you can help make a difference, you can. Tourism is the biggest market-based contributor to financing protected areas worldwide, according to World Bank. Travel and tourism contributed 6.5 per cent to global greenhouse gas emissions in 2023, well below its pre-pandemic peak of 7.8 per cent in 2019, the World Travel and Tourism Council says. You've probably noticed when you buy an airline ticket you sometimes have the option to offset your carbon emissions, but did you know there are simpler ways to reduce a carbon footprint when you travel? But first, what does carbon offsetting mean? Sustainable Travel International's Kaitlyn Brajcich says once you work out how much carbon you have emitted through your trip, you could purchase carbon offsets to compensate for these emissions (you can do both at "The money that you pay for carbon offsets gets invested into different types of projects around the world that are either reducing or removing carbon from the atmosphere," says Brajcich, who is senior manager, communications and training. These could be projects that are helping to establish clean energy infrastructure such as a wind farm, or protecting an important forest ecosystem. But reducing your travel emissions could be done in various other preventative ways. The big one is the number of flights you take. Aircraft emit a lot of carbon and the fewer flights you take to reach your destination, the better. "You can use Google Flights to actually compare the carbon emissions of different routes and flights," Brajcich says. Australian National University associate professor in management Birgit Muskat recommends carrying less luggage, because a lighter plane uses less fuel. When you arrive at your destination, try tapping into the "slow travel" trend and spending longer in one place instead of visiting another destination. And just because someone else is paying your electricity and water bills at the hotel, it doesn't mean you should leave the air conditioning on. At your destination, think about the food waste you're producing - it would be better to eat at a local restaurant than grab takeaway in plastic packaging. And bring your own refillable water bottle to cut down on plastic waste. Taking public transport or walking instead of taking a taxi is another positive choice you can make. Ecotourism Australia chief executive officer Elissa Keenan recommends booking with tourism operators certified by credible sustainability programs (you can find Ecotourism Australia's list at "Stay at hotels, lodges, or parks that prioritise energy efficiency, waste reduction and water conservation as a standard part of their offering," Keenan says. Choose to book through accommodation websites that highlight certified sustainable accommodation operators, such as Similarly, look for tourism operators "who are giving back as part of their activities", such as those that support local conservation efforts or environmental initiatives, says Keenan. She recommends when offsetting your carbon you choose Australian programs registered under the Clean Energy Regulator's Emissions Reduction Fund that generate Australian Carbon Credit Units. The founder of Australian company FlyOnE, Korum Ellis, says it will be two or three years before small electric aircraft are advanced enough to be used for tourism in Australia. He runs three two-seater electric planes for pilot training between Perth and Rottnest Island, and is working towards replacing his fuel-powered aircraft with six-seater electric models for tourism in the future. In case you're still not sure whether you can help make a difference, you can. Tourism is the biggest market-based contributor to financing protected areas worldwide, according to World Bank. Travel and tourism contributed 6.5 per cent to global greenhouse gas emissions in 2023, well below its pre-pandemic peak of 7.8 per cent in 2019, the World Travel and Tourism Council says. You've probably noticed when you buy an airline ticket you sometimes have the option to offset your carbon emissions, but did you know there are simpler ways to reduce a carbon footprint when you travel? But first, what does carbon offsetting mean? Sustainable Travel International's Kaitlyn Brajcich says once you work out how much carbon you have emitted through your trip, you could purchase carbon offsets to compensate for these emissions (you can do both at "The money that you pay for carbon offsets gets invested into different types of projects around the world that are either reducing or removing carbon from the atmosphere," says Brajcich, who is senior manager, communications and training. These could be projects that are helping to establish clean energy infrastructure such as a wind farm, or protecting an important forest ecosystem. But reducing your travel emissions could be done in various other preventative ways. The big one is the number of flights you take. Aircraft emit a lot of carbon and the fewer flights you take to reach your destination, the better. "You can use Google Flights to actually compare the carbon emissions of different routes and flights," Brajcich says. Australian National University associate professor in management Birgit Muskat recommends carrying less luggage, because a lighter plane uses less fuel. When you arrive at your destination, try tapping into the "slow travel" trend and spending longer in one place instead of visiting another destination. And just because someone else is paying your electricity and water bills at the hotel, it doesn't mean you should leave the air conditioning on. At your destination, think about the food waste you're producing - it would be better to eat at a local restaurant than grab takeaway in plastic packaging. And bring your own refillable water bottle to cut down on plastic waste. Taking public transport or walking instead of taking a taxi is another positive choice you can make. Ecotourism Australia chief executive officer Elissa Keenan recommends booking with tourism operators certified by credible sustainability programs (you can find Ecotourism Australia's list at "Stay at hotels, lodges, or parks that prioritise energy efficiency, waste reduction and water conservation as a standard part of their offering," Keenan says. Choose to book through accommodation websites that highlight certified sustainable accommodation operators, such as Similarly, look for tourism operators "who are giving back as part of their activities", such as those that support local conservation efforts or environmental initiatives, says Keenan. She recommends when offsetting your carbon you choose Australian programs registered under the Clean Energy Regulator's Emissions Reduction Fund that generate Australian Carbon Credit Units. The founder of Australian company FlyOnE, Korum Ellis, says it will be two or three years before small electric aircraft are advanced enough to be used for tourism in Australia. He runs three two-seater electric planes for pilot training between Perth and Rottnest Island, and is working towards replacing his fuel-powered aircraft with six-seater electric models for tourism in the future. In case you're still not sure whether you can help make a difference, you can. Tourism is the biggest market-based contributor to financing protected areas worldwide, according to World Bank. Travel and tourism contributed 6.5 per cent to global greenhouse gas emissions in 2023, well below its pre-pandemic peak of 7.8 per cent in 2019, the World Travel and Tourism Council says. You've probably noticed when you buy an airline ticket you sometimes have the option to offset your carbon emissions, but did you know there are simpler ways to reduce a carbon footprint when you travel? But first, what does carbon offsetting mean? Sustainable Travel International's Kaitlyn Brajcich says once you work out how much carbon you have emitted through your trip, you could purchase carbon offsets to compensate for these emissions (you can do both at "The money that you pay for carbon offsets gets invested into different types of projects around the world that are either reducing or removing carbon from the atmosphere," says Brajcich, who is senior manager, communications and training. These could be projects that are helping to establish clean energy infrastructure such as a wind farm, or protecting an important forest ecosystem. But reducing your travel emissions could be done in various other preventative ways. The big one is the number of flights you take. Aircraft emit a lot of carbon and the fewer flights you take to reach your destination, the better. "You can use Google Flights to actually compare the carbon emissions of different routes and flights," Brajcich says. Australian National University associate professor in management Birgit Muskat recommends carrying less luggage, because a lighter plane uses less fuel. When you arrive at your destination, try tapping into the "slow travel" trend and spending longer in one place instead of visiting another destination. And just because someone else is paying your electricity and water bills at the hotel, it doesn't mean you should leave the air conditioning on. At your destination, think about the food waste you're producing - it would be better to eat at a local restaurant than grab takeaway in plastic packaging. And bring your own refillable water bottle to cut down on plastic waste. Taking public transport or walking instead of taking a taxi is another positive choice you can make. Ecotourism Australia chief executive officer Elissa Keenan recommends booking with tourism operators certified by credible sustainability programs (you can find Ecotourism Australia's list at "Stay at hotels, lodges, or parks that prioritise energy efficiency, waste reduction and water conservation as a standard part of their offering," Keenan says. Choose to book through accommodation websites that highlight certified sustainable accommodation operators, such as Similarly, look for tourism operators "who are giving back as part of their activities", such as those that support local conservation efforts or environmental initiatives, says Keenan. She recommends when offsetting your carbon you choose Australian programs registered under the Clean Energy Regulator's Emissions Reduction Fund that generate Australian Carbon Credit Units. The founder of Australian company FlyOnE, Korum Ellis, says it will be two or three years before small electric aircraft are advanced enough to be used for tourism in Australia. He runs three two-seater electric planes for pilot training between Perth and Rottnest Island, and is working towards replacing his fuel-powered aircraft with six-seater electric models for tourism in the future. In case you're still not sure whether you can help make a difference, you can. Tourism is the biggest market-based contributor to financing protected areas worldwide, according to World Bank. Travel and tourism contributed 6.5 per cent to global greenhouse gas emissions in 2023, well below its pre-pandemic peak of 7.8 per cent in 2019, the World Travel and Tourism Council says.
Yahoo
11-03-2025
- Business
- Yahoo
Corporate Carbon Group scales up with ION's Carbon Zero, leading Australia's carbon market
LONDON, March 11, 2025 /PRNewswire/ -- ION Commodities, a global leader in energy and commodity management solutions, announces that Corporate Carbon Group (CCG), a leading Australian carbon abatement project developer, has implemented ION's Carbon Zero solution to enhance its operations and ensure future scalability. CCG has played a significant role in Australia's carbon market since its inception in 2010. It boasts over 100 verified carbon development projects, delivering more than 15 million Australian Carbon Credit Units (ACCUs) to government and commercial clients, and achieving 15 million tonnes of emissions reduction to date. Global investment in energy transition is rising as countries strive to meet ambitious carbon emission requirements. More governments are implementing market-based carbon pricing schemes to engage corporate stakeholders in contributing to national sustainability targets. Australia began developing its emissions trading system (ETS) in 2008. To seize this opportunity and scale its operations, CCG recognized the need to enhance its management capabilities and selected Carbon Zero. CCG chose the solution for its comprehensive features tailored to the intricacies of project financing and other complex deal structures, along with its quick deployment and intuitive, user-centric design. With a flexible reporting suite designed for renewable certificates, Carbon Zero has enabled CCG to analyze risk across various projects and portfolios while stress-testing performance through different trading and price scenarios. Carbon Zero has also eliminated numerous manual processes, including reporting tasks such as Value at Risk (VaR), liquidity, and inventory valuation reports, all of which are now accessible with live data within the application. Angus Robertson, Head of Carbon Trading at Corporate Carbon Group, said: "Since going live with Carbon Zero, we have witnessed transformative effects on our operations, decision-making capabilities, and data reliability, positioning the company for sustained success in the dynamic Australian carbon market and preparing us to scale internationally." Sunil Biswas, Chief Executive Officer at ION Corporates, said: "We are proud to partner with pioneers like Corporate Carbon Group. Their leadership in the carbon abatement market aligns with our mission to deliver innovative solutions for a sustainable future." About ION ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit About ION Commodities ION Commodities delivers data-driven energy and commodities trading and risk management solutions across the supply chain. Our scalable ETRM and CTRM solutions equip clients to use real-time risk analytics and reporting, minimize supply chain risks, automate critical business processes, and make faster, more informed decisions. We provide full support and transparency for procurement, supply, and trading to a global community of over 1,200 clients. For more information, visit About Corporate Carbon Group (CCG) Corporate Carbon Group is a leading Australian carbon abatement project developer, engaged in over 100 projects within the Australian Government's Emissions Reduction Fund (ERF). They combine carbon projects with agricultural production to enhance biodiversity, improve soil health, and reduce emissions, while ensuring the highest standards of integrity and transparency. CCG has delivered over 15 million Australian Carbon Credit Units (ACCUs) to government and commercial clients. All product and company names herein may be trademarks of their registered owners. View original content to download multimedia: SOURCE ION Sign in to access your portfolio
