Reducing Emissions in Transport Project

The Reducing Emissions in Transport Project is an aggregated transport emissions reduction project administered by Green Squares Capital Solutions Pty Ltd. While the project activities involve mobile marine vessels and thus do not have a single fixed geographical footprint, the project's administrative base is located in Chatswood, a major commercial district on Sydney's Lower North Shore in New South Wales. Registered in June 2021, the project operates under the "group of vehicles" classification, focusing on reducing the emissions intensity of marine logistics rather than land-based sequestration.

The Carbon Credits (Carbon Farming Initiative, Land and Sea Transport) Methodology Determination 2015 allows project proponents to earn ACCUs by lowering the emissions intensity of their transport fleets. Unlike land-sector projects that require specific stocking densities or planting protocols, this methodology requires the proponent to demonstrate a reduction in emissions per unit of service (e.g., tonne-kilometre or passenger-kilometre). This is achieved through activities such as replacing inefficient engines, switching to lower-emission energy sources (like biofuels or electrification), or modifying operational practices to improve fuel efficiency.

Given the project's nature involving marine vessels, traditional environmental metrics such as soil quality are not directly applicable to the operational assets. The vessels operate in Australian coastal or inland waterways, an environment defined by maritime conditions rather than terrestrial rainfall zones. However, the administrative region of Chatswood is characterized by a humid subtropical climate with high annual rainfall and sits largely on Wianamatta Shale landscapes, which produce heavy clay soils. Green Squares Capital Solutions, the proponent, acts as a specialized finance and consulting facilitator, likely aggregating these marine assets to access carbon finance markets for fleet upgrades or electrification.