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ARTICLE · 01 MARCH 2023

Could carbon credits be an additional source of income for you?

Cooper Grace Ward
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By registering an eligible offsets project, you can earn carbon credits and generate income alongside your current activities.

AustraliaEnvironment
Leanne O’Neill
Leanne O’Neill
Adrienne Soteriou
Adrienne Soteriou
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By registering an eligible offsets project, you can earn carbon credits and generate income alongside your current activities.

The Australian Carbon Credit Unit (ACCU) scheme was established in 2011 in a national attempt to incentivise reduction of greenhouse gas emissions. Registration of a project with the Emissions Reduction Fund allows project proponents to earn ACCUs, which can then be sold to generate income. A variety of projects are available, many of which can deliver co-benefits, however proponents need to be aware of permanence obligations and impacts on their usual activities.

What are carbon credits?

The Emissions Reduction Fund enables landholders, communities and businesses to run eligible offsets projects, which either reduce greenhouse gas emissions or remove and sequester carbon from the atmosphere. For every tonne of carbon dioxide equivalent emissions that are stored or avoided by a project, participants receive one ACCU. ACCUs can then be

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Cooper Grace Ward is a leading Australian law firm based in Brisbane.

This publication is for information only and is not legal advice. You should obtain advice that is specific to your circumstances and not rely on this publication as legal advice. If there are any issues you would like us to advise you on arising from this publication, please contact Cooper Grace Ward Lawyers.

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