Corporate Carbon to embrace Government directive to innovate: Response to Chubb Review

Corporate Carbon, one of Australia’s leading carbon abatement project developers and owners, welcomes the outcome of The Independent Chubb Review handed down to the Federal Government today. The final Review confirms the Australian Carbon Credit Unit (ACCU) scheme is “essentially sound” and offers recommendations to "clarify governance, improve transparency...and enhance confidence in the integrity and effectiveness of the scheme."

As part of these recommendations, the Review provides a directive to industry to “establish a transparent proponent-led process for developing and modifying methods as soon as practicable, with the Carbon Abatement Integrity Committee assuring the integrity of methods and the Department providing support for participants who otherwise may not be able to participate”.[1]

Corporate Carbon Managing Director Gary Wyatt said, “As a company that’s been engaged in the carbon farming industry from inception, we’re thrilled the Review has confirmed the scheme has been “fundamentally well-designed”. We are excited about the opportunities that Australia has to be a world leader in carbon abatement innovation and look forward to developing and evolving methodologies as we have most recently in carbon capture and storage, savanna fire management and environmental plantings.”

[1] Recommendation 5 - Independent Review of ACCUs, Page 7