Carbon Reduction Scheme™ rules and governance
Origin’s Governance Structure aims to ensure that the Carbon Reduction Scheme™ adheres to the following overarching principles:
- Credibility
- Transparency
- Affordability
- Flexibility, and
- Effectiveness
Eligible projects that create offsets can include:
- Electricity generation from renewable sources
- More efficient energy use
- Substituting higher emissions fuel or energy sources for lower ones
- Directly reducing emissions from industrial processes
- Reducing "fugitive emissions", like leaks.
Programs will not be eligible if the emissions reductions cannot be verified, or if they:
- Transfer emissions, for example to another location
- Lead to degradation of a service or product
- Create significant adverse social or environmental outcomes
- Use electricity generated through native wood waste or nuclear power
Download our Carbon Reduction Scheme™ Governance structure (3.7MB) for more information.
Carbon Reduction Scheme™ 2008 Annual Retirement of offsets on behalf of customers
On an annual basis, we retire or acquit offsets on behalf of our Carbon Reduction Scheme™ customers to ensure they are taken permanently out of circulation and not re-used or double counted as per the Carbon Reduction Scheme™ Administrator Compliance Statement for the period.
The Administrators Compliance Statement has been subject to audit by Ernst & Young who concluded that in all material respects the required volume of Verified Emission Reductions for the period was acquitted.
Ernst & Young’s opinion should be read in conjunction with the full Assurance report which includes details of the procedures performed and scope limitations as set out in Ernst & Young’s Assurance report for 2008, released August 2009 . (614KB)