Many Australian businesses are focused on avoiding and reducing greenhouse gas emissions by becoming more energy efficient, switching to renewable energy solutions, and reducing emissions wherever possible. However, we know that not all emissions can be easily avoided or further reduced, so another option to help your business achieve its net zero goal may be carbon credits.
Investing in carbon credits is often a necessary step for achieving goals and commitments, such as carbon neutrality or net zero.
Carbon credits are a recognised mechanism for investing in projects that contribute to reducing the amount of greenhouse gases in the atmosphere. This is done by either removing or avoiding emissions that would otherwise have occurred.
Each carbon credit unit represents an emission reduction of one tonne of carbon dioxide equivalent in the atmosphere, and every tonne carries a unique serial number which is recorded into a publicly accessible and independently operated registry. As a result, every credit can be tracked from its origin to the end user.
Your business can then trade these credits or ‘cancel’ them from the registry to help achieve carbon neutrality for those emissions that cannot be avoided. Voluntary cancellation of credits in the registry is an action we can perform at the request of our customers, so it’s not necessary for you to set up and maintain a registry account solely for this purpose.
Both national and international carbon credits are increasingly bought and sold in Australia’s growing carbon marketplace.
We source credits from a mixed portfolio of Australian and carefully chosen international carbon credits so that we can supply you with a range of solutions to support your decarbonisation journey. You can feel confident that our international carbon credits, diverse in geographies and in methodologies, have been drawn from projects that have passed our thorough due diligence to ensure credibility and quality. In addition, selected projects in the international portfolio demonstrate positive benefits to local communities or biodiversity in the project area.
As well as sourcing carbon credits for our customers, Shell Energy also participates in carbon markets as an active buyer and user of carbon credits.
We work with project developers and market participants to source supply and develop our portfolio.
Our energy experts have the experience and expertise to help you reach your energy and sustainability goals.
