The following standards apply to carbon emissions measurement and management.
Carbon Planet's technology complies with international standards for the quantitative measurement, verification and reporting of greenhouse gas (GHG) emissions and removal. The standard was established to verify that GHG reporting and reduction projects are valid, credible and consistent.
The G3MS carbon accounting suite delivers GHG accounting based on protocols as defined by the GHG Protocol Corporate Standard.
As stipulated in the Kyoto Protocol, the Standard establishes the greenhouse gases—carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O). hydrofluorocarbons (HFCs), perfluorocarbons (PFCs) and sulfur hexafluoride (SF8)—for measurement and reporting so organisations may accurately identify and disclose their GHG emissions.
A GHG audit separates emissions into three levels: Scope 1, Scope 2, and Scope 3; and all are covered in the present assessment. The separation of Scopes ensures that no double accounting occurs.
The Standard identifies three levels of energy audits to enable consumers to choose the level that best meets their emission reduction needs:
The Australian National Carbon Offset Standard (NCOS) was announced on 20 January 2010 and came into effect on 1 July 2010. It is administered by Low Carbon Australia Limited (formerly The Australian Carbon Trust) under license from the Australian Department of Climate Change and Energy Efficiency. The NCOS guides consumers and businesses regarding the integrity of voluntary carbon offsetting and provides a clear standard for becoming carbon neutral.
All offsets bought from Carbon Planet's shop comply with the NCOS.
Under the Kyoto Protocol, Australia will soon report on nationwide emission reductions to meet targets. Due to the possibility of double counting, the Australian Government has put in place guidelines to help separate emission reductions that are made by Australia under Kyoto and those made by businesses and individuals that represent reductions over and above the formal commitments.
In general, these include offsets that would have been covered by the proposed Carbon Pollution Reduction Scheme (CPRS):
Best practice in achieving carbon neutrality (as stated by the NCOS) is to:
However, an organisation, or product, can be certified as carbon neutral by calculating its carbon footprint, undertaking an independent audit and then purchasing (and retiring), sufficient eligible carbon credits to offset its emissions.
The carbon footprint calculation would need to be based on the existing National Greenhouse and Energy Reporting (NGER) methodology, with the extra inclusion of selected Scope 3 (indirect) emissions. For products, the NCOS will require a Life Cycle Assessment (LCA). The NCOS also requires the preparation of an emissions management plan.
Entities that complete an audited carbon footprint calculation (see G3MS) and develop an emissions management plan can apply to use the NCOS carbon neutral logo. Organisations wanting to use the logo must make information publicly available about their carbon footprint, their emissions reduction activities, and the offsets they have bought.
For more information on the NCOS, please contact Carbon Planet.
* Methodologies must be approved by the Department of Climate Change
** Offsets from these activities must be, additional to those achieved through business-as-usual, permanent, measurable, transparent, independently audited, and registered and tracked in a publicly transparent registry
*** If GreenPower is purchased, the associated emissions (ie purchased electricity) would count as zero towards an organisation's carbon footprint.