National Carbon Bank of Australia
Newsletter June 2015

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This Issue
ERF & ACCU's . The 2nd Australian Emission Reductions Summit . Using Measurement and Verification to create ESC’s . Optimizing Your Certificate Returns . NCBA Commercial Lighting Upgrade Case Studies .  Energy Savings Scheme Review . Victorian Energy Efficiency Target Review . NCBA Product Approval Process Updates . 

ACCU's for Energy Efficiency are on the way  


Emission Reductions Fund- 

The first auction of Australian Carbon Credit Units (ACCU’s) occurred in April 2015. Energy efficiency projects weren’t able to participate however 47 million tonnes of carbon abatement was contracted by the Australian Government at a price of around $660m. There is $1.9bn remaining in the fund which is now available for energy efficiency projects to access in the forthcoming auctions.

By David Joseph 


NCBA is geared up for participation in the forthcoming Emission Reductions Fund certificate auctions. Get in touch with or call NCBA on 02 9939 5559 to find out how you can claim Australian Carbon Credit Unit’s for your projects. 

The 2nd Australian Emission Reduction Conference

On May 5-6 National Carbon Bank of Australia attended the Carbon Market Institutes’ 2nd annual Emission Reductions Conference at the Melbourne Cricket Ground. The conference heard keynote speakers from around the world from the political, industrial and agricultural sectors, all with the common goal of achieving carbon emission reductions or ‘decarbonisation’ in the global economy.

The growing momentum behind global emission reductions efforts was evidenced not only by the quality of speakers represented but also by the types of organisations that were present. Christina Figueres, Executive Secretary of the UNFCCC. Greg Hunt, Minister for the Environment. Bernie Fraser, Chair of the Climate Change Authority. Sem Fabrizi, Head of the EU delegation to Australia and others, spoke alongside representatives from many of the worlds largest carbon emitting organisations. There was universal recognition of the risks and opportunities presented by climate change and the commitment to act was welcomed by all.
All speakers delivered exceptional addresses on the state of the global economy, the market and obstacles for low carbon development and the outlook on the worlds ability to limit climate change to a ‘2 degree average global temperature rise’
NCBA congratulates Peter Castellas and the Carbon Market Institute for an exceptional event and we strongly recommend attending next year.   
See here for video footage from some of the interesting presentations at the ERF Summit.

By David Joseph  


Using Measurement and Verification to create ESC’s

In April NCBA became the first ACP to be accredited to undertake a project using the Project Impact Assessment with Measurement and Verification method (PIAM&V) under the NSW ESS. We are currently preparing to undertake several more under the ESS and also the ERF.

Measurement and Verification (M&V) is quickly emerging as a global standard for measuring the energy and carbon savings achieved by upgrading equipment or processes. The theory is taken from the International Measurement and Verification Protocol. Practical applications of the M&V theory can now be found in the NSW ESS Project Impact Assessment with Measurement and Verification Method and Commonwealth ERF Industrial Energy and Fuel Efficiency Method.

These methods can be very useful where the right data is available. Generally, an M&V project will require detailed historical consumption data and careful consideration of several variables which may impact on the data. This can be difficult to obtain but the upsides are many. Where the data is available the measured savings can be considerably larger than those calculated using a ‘deemed’ method such as the commercial lighting or appliances method. In addition, application of the M&V method can capture savings made by almost any technology and in any location around the country.


By David Joseph 

Optimizing Your Certificate Returns 

With the commencement of the ERF and the possible expansion of the VEET and ESS, the future of incentive based energy and carbon reduction schemes looks bright.
For the first time businesses can claim certificates for energy savings and carbon abatement projects anywhere in Australia. Participation in multiple schemes is not easy however. The administrative requirements are considerable, but NCBA is here to manage these, it’s what we do.
If your project is occurring across several states or territories we can tailor a certificate package using multiple schemes and calculation methods to ensure certificates are generated for every single Megawatt hour or Tonne of carbon that you save.    

By David Joseph 

Please get in touch with or call NCBA on 02 9939 5559 to discuss these opportunities and ensure your investment in energy and process efficiency is earning the certificates it deserves!   

Carbon Industry News

The National Carbon Bank keeps you updated with the most relevant and interesting carbon reduction and energy efficiency industry news. See the NCBA Website  for our 'Carbon News'.


Case Study:
Canterbury Park Racecourse

The National Carbon Bank were engaged by the Australian Turf Club to manage and create Energy Saving Certificates for energy saving activities across multiple racecourse sites, as a part of refurbishments and efforts to reduce electricity consumption. A Commercial Lighting Upgrade was subsequently undertaken at Canterbury Park Racecourse.

This Commercial Lighting Upgrade involved the replacement of 400w Metal Halide Lamps to 38W Philips LED Panels, supplied by Pro Lamps. The National Carbon Bank of Australia, acting as the Accredited Certificate Provider, managed the compliance and creation of ESC’s for the upgrade. The Canterbury Park Racecourse lighting upgrade has allowed for the creation of 1526 ESC’s resulting in 1440.45 MWh Carbon Emissions avoided as calculated by the ESS formula (Equivalent to carbon sequestered by planting 255 tree seedlings and growing them for 10 years).


By Grace Gallagher 

Energy Savings Scheme and Victorian Energy Efficiency Target Reviews

The proposed changes of ESS Rule includes the following:
  • Increasing the target from 5% to 6.5%. The scheme will expand to include gas, which will result in an increase to 7% in 2016, with a further increase to 8% by 2018.
  • The ESS will also be introducing a regional network factor. This will allow lighting upgrades to become more commercially viable for  companies based in, or with locations in regional areas.
  • A series of cost recovery fees will be implemented by IPART. The certificate registration fee will be increased and a fee for product approval applications will also be implemented.
  • The Schemes duration has also been extended to 2025.
The VEET scheme is also currently being reviewed in efforts to further strengthen the methodologies. The scheme could potentially grow to include project-based assessment methods by 2017, the inclusion of large businesses into the scheme is also being considered. 

The review of both the ESS and VEET schemes will likely conclude this year, with determined changes being implemented from January 2016. From what we can see so far, both the NSW and VIC schemes will be strengthened by the proposed changes, these reviews are enhancing the eligibility and flexibility factors to make sure both schemes will attract more participants and encourage more legitimate energy saving activities. Furthermore, this review has considered some of the industry methodologies, amendments of scheme requirements may potentially occur to allow for more energy saving activities. NCBA welcomes the positive changes and looks forward to working with our clients towards a brighter future. 


By Vicky Zhang   

Case Study:
All Phones  Arena

As the largest indoor live entertainment and sporting arena in Australia, Allphones Arena is committed to managing and developing the site in an environmentally-sensitive and responsible manner. This site requires a significant amount of energy to operate its facilities, as inefficient lighting was one of the most energy-intensive activities, Allphones Arena worked with National Carbon Bank to gauge energy efficiency opportunities. Allphones Arena will subsequently undergo LED lighting upgrades across the site. The first phase of the upgrade, the 'work lights' in the arena itself have been successfully upgraded, with National Carbon Bank acting as the ACP, and claiming Energy Savings Certificates  on their behalf.

By replacing a significant quantity of 1000W Metal Halides with 250W Nikkon LED Floodlights, Allphones Arena achieved Energy Savings of 1386.3 MWh, with indicative Energy Saving Certificates being 1469. The MWh Carbon Emissions avoided (as per the Commercial Lighting Calculation Tool) is equivalent to the annual greenhouse gas emissions from 36,628.88 kilometres driven by an average car or, carbon sequestered by 3.1 Hectares of forest in one year. 

By Grace Gallagher 

Product Approval with NCBA 

Implementations in NSW and VIC are to be registered by 30th June 2015. Please allow the time for us to process and register.

Product approval update in NSW 

  • All previously conditionally approved products are still eligible for claiming ESCs by the 30th June 2016 as long as the implementation dates are on or before 30th June 2015.
  • Additional information is required to re-submit conditionally approved lights to become fully acceptable products.
  • All the new lights application submitted since 1st October last year, once it’s approved, the light will be added onto Published List.
  • Fast streamline of approval process for product already approved in VIC. 

Product approval update in VIC 

  • Tube solution upgrades are still eligible for claiming VEEC's.
  • Additional in situ temperature measurement test or ISTMT will be added as part of the mandatory lifetime documents from 1st January 2016. 
See our Product Approval Schedule for more information for what is required for Product Approval Submissions. 

By Vicky Zhang 

For more details, or to get a new product approved please contact Vicky Zhang, our Product Approval Manager.
Phone: 02 9939 5559

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