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Carbon Market - Invest Victoria

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<strong>Carbon</strong> Services Leadership<br />

Melbourne, <strong>Victoria</strong>, Australia<br />

The <strong>Victoria</strong>n carbon market<br />

services industry is already<br />

thriving with over 110 carbon<br />

market businesses, a strong<br />

clean tech sector and vast<br />

experience in funds<br />

management and financial<br />

services. This concentration<br />

of carbon market services<br />

is captured in the <strong>Victoria</strong>n<br />

Government’s Melbourne<br />

<strong>Carbon</strong> Services Directory.<br />

Join the leading <strong>Carbon</strong> <strong>Market</strong><br />

in the Asia-Pacific<br />

The global carbon market creates vast opportunities for carbon<br />

services and for businesses providing low emission technologies.<br />

With a supportive business environment and growing demand for<br />

emission offsets, Melbourne is the ideal location to access carbon<br />

market opportunities within Australia and the Asia Pacific region.<br />

Demand for <strong>Carbon</strong> <strong>Market</strong> Services<br />

A national approach to greenhouse and energy reporting - the<br />

National Greenhouse and Energy Reporting Scheme (NGERS) - was<br />

established by the Australian Government in 2007. Since establishing<br />

NGERS, the demand for services to assist liable parties comply with<br />

the scheme has increased each year. Melbourne is home to the<br />

majority of industry specialists required to monitor, report and verify<br />

their emissions for NGERS, creating an ongoing demand for carbon<br />

market services.


<strong>Carbon</strong> <strong>Market</strong> Institute<br />

The <strong>Carbon</strong> <strong>Market</strong> Institute (CMI) is a newly established,<br />

Melbourne headquartered, organisation whose objective is<br />

to assist Australian businesses with the implementation of<br />

climate-related markets both in terms of managing their risk and<br />

pursuing business opportunities.<br />

The CMI works in concert with Australian industry and other key<br />

stakeholders to position Australia as an emissions trading hub<br />

for the Asia Pacific region.<br />

An independent not-for-profit company, the CMI is a national<br />

body with strategic national and international partnerships,<br />

affiliations and an outlook, in time, to serve the Asia Pacific<br />

region. The CMI incorporates the Asia Pacific Emissions<br />

Trading Forum, a business network and information service for<br />

companies and agencies with an interest in emissions trading<br />

development both nationally and internationally that has been<br />

operational since 1998.<br />

The CMI’s program includes:<br />

> > Business networking and information<br />

> > Research and market analysis<br />

> > Education and training<br />

> > Professional standards and accreditation<br />

> > International engagement.<br />

Members are eligible for a range of benefits including member<br />

seminars, briefings and networking events, and receipt of the<br />

CMI’s regular publications and research reports.<br />

For further information and to become a member visit<br />

carbonmarketinstitute.org/<br />

Australia’s Energy <strong>Market</strong><br />

<strong>Victoria</strong> was the first State in Australia to restructure, disaggregate<br />

and privatise the electricity and gas industry, making Melbourne<br />

an important centre of activity for energy and environmental<br />

developments. Melbourne is home to the Australian Energy <strong>Market</strong><br />

Operator (AEMO), which manages Australia’s electricity ‘spot’ market<br />

and other energy trading activity.<br />

<strong>Victoria</strong>’s extensive experience in energy market regulation has led<br />

to the development of key skills and capacity around energy markets,<br />

trading and risk management.<br />

A Supportive Business Environment<br />

Melbourne is Australia’s knowledge, innovation and technology<br />

capital, housing the majority of Australian R & D initiatives. Building<br />

on this innovation, our universities provide programs in climate<br />

change, carbon accounting and sustainable technology.<br />

<strong>Victoria</strong> has strong international linkages including a climate<br />

change partnership with California and a large presence of major<br />

multinational corporations including international energy companies.<br />

A Strategic Location<br />

<strong>Victoria</strong> is one of the strongest economies and most enviable<br />

lifestyles in the developed world. As well as having established<br />

infrastructure and reliable telecommunications, Melbourne’s operating<br />

costs compare favourably with many other leading business locations,<br />

and market entry barriers are very low.<br />

Located in the Asia Pacific time zone and home to an unrivalled pool<br />

of highly skilled, multilingual professionals, Melbourne is the ideal<br />

location in which to develop Clean Development Mechanism projects<br />

and to trade Certified Emission Reduction units.<br />

For Further Information<br />

For a comprehensive outline of the capability of <strong>Victoria</strong>n based<br />

companies visit business.vic.gov.au/carbonservices<br />

For further assistance, contact<br />

Department of Business and Innovation<br />

121 Exhibition Street, Melbourne <strong>Victoria</strong> 3000<br />

Email: carbonmarket@dbi.vic.gov.au

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