The Emissions Reduction Fund (ERF) provides a government funded incentive for organisations in a range of sectors to reduce or ‘store’ carbon emissions.
Through the implementation of energy efficiency and emissions reduction projects, Australian Carbon Credit Units (ACCUs) can be created and subsequently sold to the government through the ERF reverse auctions.
The value of ACCUs need not be tied to the continuation of reverse auctions. ACCUs can be created under one of the 33 ERF methods regardless of a sale contract with the government. ACCUs can then be sold in the secondary market to help ‘make up’ ERF contracts that not fulfilled, to high emissions facilities that have exceeded their emissions baselines as defined under the safeguard mechanism, or to a range of commercial entities looking to offset their emissions through carbon credit purchases.
We extended our VEEC and ESC creation experience by registering an ERF project in 2014, and creating our first ACCUs in 2017 under the ERF “Industrial Electricity and Fuel Efficiency Method”. Through this method, the annual creation and sale of ACCUs helps to offset the upfront cost of the upgrade and increases the ongoing savings achieved through reduced energy consumption.
Being the leading creator of Victorian Energy Efficiency Certificates (VEECs) in 2016, Wattly has developed a reputation as an efficient and reliable certificate aggregator and can handle the creation and sale of your ACCUs from start to finish.
|ERF / ACCU||Commercial Lighting, Street|
Lighting, Compressors, Motors,
Pumps, Fans, Conveyors,
Refrigeration, Chillers, HVAC, Gas,
Boilers, Burners, Waste and
Biomass, Biogas, Land Use
Methane Destruction, Soil,