any other CERs, ERUs and RMUs that the Government has said cannot be used for compliance with the carbon price mechanism. Any other international units the Australian Government accepts for compliance under the carbon price mechanism. Other Units The following voluntary market standards are well established, and units issued and verified under these schemes are widely considered by voluntary carbon market participants to meet this Standard. Before electing to use any of the following units, parties should undertake their own due diligence assessment of the originating projects and underpinning methodologies. Voluntary Emissions Reductions (VERs) issued by the Gold Standard; and Verified Carbon Units (VCUs) issued by the Verified Carbon Standard. credits are issued under for reduced emissions from deforestation and degradation (REDD+) projects in developing countries, they must apply methodologies approved under the Standard. Project proponents wishing to have a methodology approved should submit it to the Department of Climate Change and Energy Efficiency for consideration. Carbon footprint calculation principles The carbon footprint of an organisation, product or should be calculated in accordance with the following principles, which are based on those outlined in the GHG Protocol and adopted under the NGER System. These principles are also consistent with those outlined under the other relevant Australian and international standards, including the AS ISO 14064 and ISO 14040 series. Relevance: Ensure the greenhouse gas inventory of an organisation, or the carbon life cycle assessment of a product, appropriately reflect the greenhouse gas emissions attributed to that organisation or product. Completeness: Account for and report all greenhouse gas emissions sources and activities within the defined boundary of the organisation or product. Disclose and justify all exclusions. Consistency: Use consistent methodologies to allow for meaningful comparisons of greenhouse gas emissions over time. Document any changes to the data, boundary, methods, or any other relevant factors. Transparency: Greenhouse gas information should be compiled, analysed and documented clearly and coherently so that auditors may evaluate its credibility. Disclose any relevant assumptions and make appropriate references to the calculation methodologies and data sources used. Accuracy: Ensure that the quantification of greenhouse gas emissions is unbiased (not systematically over or under actual emissions) and that uncertainties are
any other CERs, ERUs and RMUs that the Government has said cannot be used for compliance with the carbon price mechanism. Any other international units the Australian Government accepts for compliance under the carbon price mechanism. Other Units The following voluntary market standards are well established, and units issued and verified under these schemes are widely considered by voluntary carbon market participants to meet this Standard. Before electing to use any of the following units, parties should undertake their own due diligence assessment of the originating projects and underpinning methodologies. Voluntary Emissions Reductions (VERs) issued by the Gold Standard; and Verified Carbon Units (VCUs) issued by the Verified Carbon Standard. credits are issued under for reduced emissions from deforestation and degradation (REDD+) projects in developing countries, they must apply methodologies approved under the Standard. Project proponents wishing to have a methodology approved should submit it to the Department of Climate Change and Energy Efficiency for consideration. Carbon footprint calculation principles The carbon footprint of an organisation, product or should be calculated in accordance with the following principles, which are based on those outlined in the GHG Protocol and adopted under the NGER System. These principles are also consistent with those outlined under the other relevant Australian and international standards, including the AS ISO 14064 and ISO 14040 series. Relevance: Ensure the greenhouse gas inventory of an organisation, or the carbon life cycle assessment of a product, appropriately reflect the greenhouse gas emissions attributed to that organisation or product. Completeness: Account for and report all greenhouse gas emissions sources and activities within the defined boundary of the organisation or product. Disclose and justify all exclusions. Consistency: Use consistent methodologies to allow for meaningful comparisons of greenhouse gas emissions over time. Document any changes to the data, boundary, methods, or any other relevant factors. Transparency: Greenhouse gas information should be compiled, analysed and documented clearly and coherently so that auditors may evaluate its credibility. Disclose any relevant assumptions and make appropriate references to the calculation methodologies and data sources used. Accuracy: Ensure that the quantification of greenhouse gas emissions is unbiased (not systematically over or under actual emissions) and that uncertainties are
ncos-review-consultation-paper.docx