ACCU: Definition
Australian Carbon Credit Units (ACCUs) are financial instruments awarded to eligible projects involving energy efficiency, renewable energy generation, and carbon sequestration. Each ACCU represents the avoidance or removal of one tonne of carbon dioxide equivalent (tCO2-e) GHG emissions. ACCUs are traded or sold on the national environmental commodity market through carbon market agents, allowing organisations to offset their carbon footprint or fulfil emissions reduction obligations.
Related Terms
Carbon removal (sequestration)
Carbon removal refers to the process of extracting carbon from the atmosphere and securely storing it to mitigate…
Carbon credit
Carbon credits, also known as carbon allowances, function as permits for emissions. When a company acquires a carbon…
Carbon dioxide equivalent (CO₂e)
In the context of greenhouse gases, the carbon dioxide equivalent (CO2e) represents the mass of CO2 that would…
Carbon reduction
Carbon reduction involves decreasing a company's GHG emissions, often achieved by transitioning to eco-friendly suppliers or clean energy…