Corporate Carbon Advisory made a submission to the Australian Government’s Emissions Reduction Fund (ERF) Terms of Reference in November. The Terms of Reference was released on 16 October 2013 and interested parties were invited to make submissions on ERF design. Submissions will be used as part of establishing Government options for ERF operation. ERF is a central component of the Direct Action Plan to support low cost abatement in Australia and will expand the Carbon Farming Initiative (CFI).
Corporate Carbon Advisory has been intimately involved in the CFI since its inception. They have submitted eighteen methodology applications to the Domestic Offsets Integrity Committee (DOIC) and a suite of ancillary changes for positive list and negative list modifications. Corporate Carbon Advisory works with numerous organisations across different abatement sectors in Australia in order to have their greenhouse gas abatement recognised under the CFI.
"Corporate Carbon has developed a unique set of insights on the basis of our CFI work to date and have forged a working relationship with the Department," said Matthew Warnken, Managing Director of Corporate Carbon Advisory. "For us it is vital that these lessons learned are incorporated into the design of the Emissions Reduction Fund."
The Corporate Carbon Advisory experience was distilled into a set of ten suggested improvements to the CFI to support the development of large scale carbon abatement projects. The changes include reconstituting DOIC, providing certainty and transparency to CFI processes, establishing a risk based approach to integrity and rewarding pioneers in greenhouse gas abatement.
The complete list of Top Ten Action Items to Fix the Carbon Farming Initiative can be found by clicking here.
For further information on the Corporate Carbon Advisory submission to the Emissions Reduction Fund Terms of Reference contact: