Abbreviations |
Key definitions |
ACCU’s |
Australian Carbon Credit Units issued under Emission Reduction Fund program (ERF), under s147 of the CFI Act |
AFSL |
Australian Financial Services Licence. Allows Company to advise and deal in securities (ACCU’s) in Australia |
BC-S2C |
Blue Carbon S2C Pty Ltd – is the head company |
BC-OC |
BlueCarbon OnCountry (BC-OC), will be providing most of the operation and maintenance (O&M) services at the BC-I. BC-OC is jointly owned by BC-S2C and Indigenous shareholders |
BC-I |
BlueCarbon Institute (BC-I), is an BC-S2C company, operated by BC-OC, based in the Northern Territory (NT) and comprises a Research facility carbon MRV lab (Training and accommodation facility Nursery facility nursery Lab and community nurseries and supports our mobile camps and marine services |
Blue carbon ecosystems |
Comprises mangrove forests, tidal marsh and sea grass beds |
Blue carbon credits |
Carbon credits registered through a certified methodology generated from a blue carbon ecosystem project (1 credit = tCO2-e) |
Carbon abatement |
The removal of one or more greenhouse gases from the atmosphere or the avoidance of emissions of one or more greenhouse gases Note: This is a def. in s5 of the CFI Act |
Carbon markets |
Activities involving emissions units, including those generated under the ERF, as well as voluntary carbon markets |
CCPs |
Core Carbon Principals – supported by the Taskforce on Scaling Voluntary Carbon Markets |
ESG |
Environmental, social and governance |
ERF |
Emissions Reduction Fund (Australian) |
ERF project |
A project carried out in accordance with the CFI Act that allows the project proponent to be issued with ACCUs for the carbon abatement resulting from the project’s activity |
Green carbon ecosystems |
Comprises terrestrial ecosystems like forests (e.g., Savannah forests) |
Green carbon credits |
Carbon credits registered through a certified methodology generated from a green carbon ecosystem project (1 credit = tCO2-e) |
tCO2-e |
One tonne of CO2 equivalent abatement or sequestration |
Teal carbon ecosystems |
Comprising freshwater (non- tidal) wetlands |
Teal carbon credits |
Carbon credits registered through a certified methodology generated from a teal carbon ecosystem project (1 credit = tCO2-e) |
UN SDG |
United Nations Sustainable Development Goals |
VER |
Voluntary Emissions Reduction (VERs) under Program managed by Gold Standard |
VCU |
Verified Carbon Standard Units (VCUs) under the VCS Program managed by Verra |
VCM |
Voluntary carbon markets through which participants make voluntary commitments to offset carbon emissions, which are not for the purposes of a regulatory scheme requiring persons to pay for their emissions |