Mumbai, 5 December (Argus) — Carbon2Nature Australia, a subsidiary of Spanish utility Iberdrola’s nature-based solutions company, has launched the Talia project to generate Australian Carbon Credit Units (ACCUs) under the Environmental Plantings (EP) method.
The project will be developed as a joint effort between Carbon2Nature and Land Life, an Amsterdam-based social enterprise. The first ACCUs are expected to be issued in 2027, Iberdrola Australia told Argus on 4 December.
The project is estimated to generate approximately 114,000 ACCUs over its 25-year crediting period in South Australia.
EP ACCUs trade sporadically and in limited volumes, but recent transactions have achieved prices in the mid-A$/t CO2e — well above the range for generic ACCUs. Argus assessed generic ACCU prices at A$/t CO2e on 5 December.
Carbon2Nature is targeting projects capable of providing high-integrity ACCUs such as EP, the firm said. Voluntary demand for these ACCUs is growing, and the value of such projects appear to be long term, it added.
By Shribalaji Shenbagaraj
