Glossary

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 Darwin (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