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VCMA's response to the NCOS review October 2011
The VCMA is calling for the National Carbon Offset Standard to fully recognise the role of voluntary action on climate change.
We believe the carbon market needs to be credible and accountable so that consumers are getting what they pay for, and so that Australian and global carbon emissions are genuinely reduced. An expanded voluntary carbon market will allow more organisations and individuals to reduce emissions, and even achieve carbon neutrality. However this can only occur if there is a credible, comprehensive and robust National standard to set the rules.
In its current form, the NCOS creates a disincentive for many organisations to pursue ‘Carbon Neutrality’. Guidance for carbon accounting is inconsistent and limited creating a potential credibility gap for what may end up as an expensive exercise of uncertain value. The lack of scope to generate offsets within Australia will suppress many potential Australian abatement projects and technologies. This will effectively drive investment in offset projects from Australia to other countries where the abatement is recognised.
situation has been brought into sharp focus for those Greenhouse
Friendly™abatement providers who, having previously demonstrated
financial and regulatory additionality to fulfil the programme
requirements, now find themselves without an income stream or any
accreditation scheme to assist in the mitigation of project costs.
|VCMA Response to NCOS Discussion Paper - Oct 2011.pdf||208.43 KB|