Carbon Sync CEO welcomes evidence of demand for premium carbon credits
For immediate release 19 May 2023
PERTH, Australia — Carbon Sync’s Founder and CEO, Louise Edmonds, welcomes the results of a recent study published by S&P Global Commodity Insights, highlighting robust demand for premium-priced Australian Carbon Credit Units (ACCUs). The premium prices are being received by carbon project proponents who are offering late-vintage ACCUs with verified environmental and social co-benefits.
The report, available on the S&P Global website, confirms a strong market interest in ACCUs, a trend that Carbon Sync, a Western Australian soil carbon project developer, finds encouraging.
“I am extremely heartened by these findings,” said Edmonds. “As a regenerative agriculture and soil carbon project developer, our vision has always been to witness a robust, healthy market for premium carbon credits. We hope to guide farmers to generate these premium carbon credits and improve the profitability of their farms by doing so. In addition, this study reaffirms the value of ACCUs and their vital role in promoting sustainable practices.”
The S&P report shows that the appetite for ACCUs remains strong. ACCUs are an integral component of the Australian Government’s strategy to meet and exceed its commitments under the Paris Agreement. The Government-regulated scheme issues these credits to organisations and individuals who undertake activities that reduce and remove greenhouse gas emissions.
Edmonds continues, “We can foresee a significant increase in demand for carbon credits overall. The robust demand for quality, verified ACCUs is a testament to the growing recognition of their worth within both the corporate sector and broader society. Moreover, it signals that sustainability is increasingly becoming a key priority across sectors and a non-negotiable element of business strategy.”
Under the Carbon Farming Initiative (CFI) and Emissions Reduction Fund (ERF), ACCUs encourage emission reduction and removal projects nationwide. They also offer an economic incentive for agriculture, the corporate sector and individuals to invest in activities that promote environmental sustainability.
“The continued demand for premium-priced ACCUs clearly demonstrates the market’s readiness to invest in nature based solutions, which is both exciting and essential as we strive for a low-carbon future,” said Edmonds.
She concluded, “This robust demand shows we’re on the right track, but it also serves as a call to action. We must continue driving towards an increasingly nature positive future, encouraging more initiatives that reduce carbon emissions, and fostering a culture that values preserving our planet for future generations.”
For more information on Carbon Sync and its commitment to fostering a sustainable future in agricultural and food systems, please visit www.carbonsync.com.au
About Carbon Sync
Carbon Sync is a soil carbon project developer and advocate of carbon credits in Australia. Through their innovative approach, they work towards aligning agricultural businesses with sustainable practices, providing a practical path towards achieving their carbon-neutral goals.
Marketing and Public Relations Manager, Carbon Sync