Reducing Emissions in Energy Project

Reducing Emissions in Energy Project is an industrial energy efficiency project located across multiple undefined sites in Australia, managed by Green Squares Capital Solutions Pty Ltd. Registered in September 2021, the project operates as an aggregated carbon project rather than a site-specific facility. Due to its dispersed nature, there is no single area size or fixed coordinate, and the project likely covers various commercial and industrial locations nationwide.

The project utilizes the Carbon Credits (Carbon Farming Initiative, Industrial Electricity and Fuel Efficiency) Methodology Determination 2015. This methodology credits emissions reductions achieved by upgrading or replacing existing energy-consuming equipment with more efficient alternatives. Eligible activities for this specific project are extensive, ranging from installing high-efficiency HVAC systems, variable speed drives, and LED lighting to implementing cloud computing and server virtualisation. The proponent, Green Squares Capital Solutions, specializes in facilitating finance and carbon incentives for distributed energy generation and efficiency, acting as an aggregator for businesses upgrading their infrastructure.

Because the project spans multiple locations rather than a specific land parcel, standard environmental metrics such as rainfall and soil type are not applicable. The primary "environment" for this project is the built industrial and commercial sector. An interesting aspect of this project is its registration date; it was established shortly before the "Industrial Electricity and Fuel Efficiency" method was revoked and replaced by the "Industrial and Commercial Emissions Reduction" (ICER) method, allowing it to continue generating credits under the older, established framework.