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Push for voluntary carbon offsets

Written by Marita Doak on 2 March 2021

The Clean Energy Regulator has announced a new initiative to publish an annual Corporate Emissions Reduction Transparency report (CERT). The CERT report will detail the voluntary carbon offset processes undertaken by Australia’s major emitters. The report will be supported by the National Greenhouse and Energy Reporting (NGER) scheme, creating a streamlined approach and platform for reporting corporate emissions.

The CERT provides a framework to:

>Demonstrate the net position of participating NGER reporters’ annual energy and emissions report.
>Support business’ climate action claims, providing a trusted and independent resource.
>Promote voluntary participation in Australia’s carbon markets.

The CERT signifies that Australian companies are increasingly setting their own voluntary goals to reduce emissions. It reflects that the public, shareholders and supply-chain partners are increasingly interested in company’s tracking and transparency towards meeting corporate emission reduction and offsetting targets.

This CERT will assist companies in demonstrating their use of carbon offsets to meet their reduction commitments, and the increased visibility of corporate carbon offset purchases may increase demand for voluntary emission actions and targets.

Consultation is open for the Corporate Emissions Reduction Transparency Report and submissions can be emailed to CER-RETandEnergySection@cleanenergyregulator.gov.au.

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