INDUSTRY SUPPORTER
Decarbonisation is currently harder in some sectors of the economy than others and carbon finance provides an important option to reduce emissions. The Code helps promote market integrity and consumer protection while providing guidance and accountability for industry practitioners and service providers undertaking carbon offset projects.
Working with the Clean Energy Finance Corporation (CEFC), the Code of Conduct, the Administrator and Signatories will play an important role in promote market integrity, accountability and display international leadership in carbon project development.
The Code will support CEFC’s carbon market participation and procurement as a risk management and due diligence tool.
The Code provides industry investors with a crucial platform for both the standardisation of national best practice and deeper integrity in Australia’s carbon market as it seeks global opportunities under the Paris Agreement.
From 1 July 2021, the Code’s Industry Supporter Status will allow demand (buy) side entities the ability to work with the Code Administrator, its Signatories and Government Partners on the development of best practice industry standards that will support a more consistent approach taken by market participants across the industry.
This will include engagement with a range of issues through an Industry Advisory Committee, including around carbon farming finance, legal and contractual issues, regulatory streamlining and information sharing, and quality assurance of Australian market purchases of international units.
Support for the Code is an investment in industry-wide risk mitigation. It will translate to a more consistent approach to carbon market participation, increased project transparency, strengthened social license, and greater engagement and communication between stakeholders.
If you are interested in becoming a Government Partner to the Australian Carbon Industry Code of Conduct, please contact the Administrator via email at code.administrator@carbonmarketinstitute.org (or via the button below) to discuss the specific needs of your jurisdiction.