EnergyAdvice one of the first to secure carbon trading licence

Energy consultancy EnergyAdvice, in conjunction with Grosvenor Pirie, has secured one of the first licences from ASIC allowing it to trade in carbon units.

Taking an early position in carbon advisory and trading, EnergyAdvice took immediate steps to gain an Australian Financial Services Licence with the ability to provide carbon advice and trading capability in both Australian and eligible international permits.

With Australia’s largest emitters having to pay a $23/tonne price on carbon emitted, many will be looking to trade their permits to manage costs associated with carbon. Providing energy and carbon advisory and reduction services to these large energy users, EnergyAdvice is now one of the first independent advisory companies in Australia to be able to trade carbon on behalf of customers.

EnergyAdvice has already received requests from customers to expand their services to include carbon advice and trading.

“Navigating the new complexities in the energy and related carbon markets has seen many of our customers requesting carbon advice from us,” said David Rylah, Director Client Strategy at EnergyAdvice.

“Apart from reporting and fulfilling legislative obligations, customers will now be required to purchase and acquit carbon units within regulated guidelines. Having access to both domestic and eligible international units, we are now able to structure flexible and cost-effective solutions for our clients.”

With the licence now in place, EnergyAdvice will commence providing full carbon management and emissions trading services.

Earlier this year the company became a member of the international Energy Experts Alliance, enabling the delivery of global energy, carbon and sustainability management services to be provided to the world’s largest energy users.