Corporate Carbon Advisory and Climate Friendly announce a successful project issued with Australian Carbon Credit Units

Corporate Carbon Advisory and Climate Friendly are pleased to announce their success in gaining approvals for the Biomass Solutions Waste Diversion Project under the Carbon Farming Initiative (CFI). The Clean Energy Regulator issued Australian Carbon Credit Units (ACCUs) in late November after a lengthy process of project development. The process involved the submission of a new methodology for approval, establishment of a new methodology determination, preparation of offset reports and a compliance audit prior to the ACCUs being issued.

"Project development of this type is relatively new in Australia and is quite complex. It is vital to work with experienced providers like Climate Friendly and Corporate Carbon Advisory. That said, the Carbon Farming Initiative is a great mechanism for Australian carbon management. We are looking forward to bringing more projects to fruition," said Freddy Sharpe, CEO of Climate Friendly.

The Biomass Solutions Waste Diversion Project is based in Coffs Harbour where the facility accepts various household waste streams to manufacture compost, diverting the waste from landfill and avoiding the generation of methane that occurs when organic materials break down in landfill. The project will prevent approximately 37,000 tonnes of emissions from two years of waste diversion and will supply a valuable, nutrient rich compost for a variety of applications.

"This is the first composting project using integrated autoclaving and enclosed composting technology to be approved under the CFI," said Matthew Warnken, Managing Director of Corporate Carbon Advisory. "Biomass Solutions are a leading example of business innovation that delivers a positive environmental outcome. Now more than ever it is important that these businesses be rewarded for the greenhouse gas abatement they deliver."

"Participation in the CFI was a challenging process but we are pleased with the outcome. We recognise that the positive result is due largely to the efforts and expertise of Climate Friendly and Corporate Carbon. I could not have survived this process without their guidance and support," said Paul Coffey, Director of Biomass Solutions.

Climate Friendly and Corporate Carbon Advisory will continue to actively develop projects under the CFI and the upcoming Direct Action program.

For further information, contact:

Matthew Warnken
Managing Director
Corporate Carbon Advisory
+61 418 238 040

Freddy Sharpe
Climate Friendly
+61 402 968 813