Green group, developer set up new carbon aggregator for Australian market

Published 03:06 on April 11, 2016  /  Last updated at 12:04 on April 11, 2016  /  Asia Pacific, Australia, Bavardage  /  No Comments

A CO2-cutting project developer and a conservation group have teamed up to launch Biodiverse Carbon Conservation (BCC), a carbon aggregator that will seek to sell offsets under Australia’s Emissions Reduction Fund (ERF).

A CO2-cutting project developer and a conservation group have teamed up to launch Biodiverse Carbon Conservation (BCC), a carbon aggregator that will seek to sell offsets under Australia’s Emissions Reduction Fund (ERF).

BCC is a joint venture between Australian Integrated Carbon Financial Services and Australia’s largest environmental not-for-profit, Greening Australia, the two partners announced.

“Biodiverse Carbon Conservation is a long-term initiative to drive landscape scale rehabilitation based on best practice science and planning to deliver carbon and biodiversity outcomes essential for a healthy Australian bush,” they said in a joint statement.

The aggregator has 27 re-vegetation projects registered with the Clean Energy Regulator, which buys offsets through the ERF on behalf of the government.

BCC aims to bid in the third ERF auction on Apr. 27-28, adding to the growing competition in the sales that some observers say is likely to push prices down.

At the previous auction held last November, the Clean Energy Regulator bought some 45 million offsets at an average price of A$12.25 each.

By Stian Reklev – stian@carbon-pulse.com

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