Australia to Link with EU Emissions Trading Scheme (ETS)
So how does the latest announcement to remove the floor price and link Australia’s emissions trading scheme with the EU Emissions Trading Scheme (ETS) affect things at Greenfleet?
“It brings greater simplicity to the scheme; and linking to the more established market means Australia will benefit from the EU experience and Australian carbon project developers can tap into a larger market,” said Greenfleet CEO, Sara Gipton.
“We are confident that investment in Australian carbon forests that offer additional biodiversity benefits will continue to rise as liable parties build their carbon management portfolios,” said Sara. “Forward investment in carbon forests presents liable parties with long term certainty on both price and delivery of carbon.”
“In an international carbon market, the price of credits will rise and fall, as it does for any market commodity. Sensible investors will manage this risk by taking a portfolio approach.
“We are confident Australia’s carbon compliance market will invest in biodiverse native forests as part of their carbon risk strategies, due to the predictability in price, long term carbon delivery and environmental co-benefits,” concluded Sara.
In 2012 a new target has been set – to offset CO2 emissions with Greenfleet from the entire national Service fleet of 100 vehicles and 1,000,000 km of air travel.
For more information about Greenfleet, visitwww.greenfleet.com.au