Australian Carbon Credit Units (ACCUs) are an Australian based carbon credit that can be created as a result of activities that avoid or remove greenhouse gas emissions. Each ACCU is representative of one tonne of carbon dioxide having been removed, or avoided, by the eligible activity.
1 ACCU = 1 tonne CO2 equivalent removed
Similar to many other Renewable Energy Certificates, ACCUs act as a financial instrument for activities that are directly avoiding or removing carbon emissions that would have otherwise been released without the project.
For an emissions related project, ACCUs are generated through a measurement and verification process, and created annually for 7 years.
These certificates involve a complex methodology, and therefore become viable with large-scale activities.
Who Purchases ACCUs?
Large Organisations that have carbon neutrality, net zero or baseline emission targets can procure and surrender ACCUs as carbon offsets. This mimics the offset process that Large-Scale Generation Certificates (LGCs) are used for.
How are ACCUs Monetised?
Similar to many other Renewable Energy Certificates, once created ACCUs can be surrendered as an offset or traded. This revenue is often used to offset the cost of the energy efficiency or renewable energy project.
With Ecovantage, we mitigate the risk of a volatile market by allowing you to lock in a fixed price upon the commencement of your project. This allows you both peace of mind and financial stability knowing the revenue that your project will produce from the beginning.
What Activities are Eligible?
There are several activities eligible to create ACCUs, provided they are on a large-scale.
• Lighting Upgrades
• BMS Equipment
• VSD Installation
• Any other energy efficiency upgrades
For more information, or to discuss a potential project with our team, please contact us at anytime.