Aggregate projects or contracts

Aggregation is a process that brings together a number of sources of carbon abatement, enabling smaller activities to join together to form larger projects. It has the potential to make smaller projects more financially viable, provide more flexibility and help manage performance risk. This brings together tradable amounts of BidCarbon removal units (BRUs).

About aggregation

Aggregators play an important role in developing and running emissions reduction projects. They are private businesses or organisations that can take on various roles, including that of agents, project developers, holding companies or carbon removal contract holders.

In the context of an aggregation agreement, landowners or project proponents may choose to grant the aggregator a legal right to carry out a project. The agreement also sets out how the costs and benefits of the project are shared between the parties.

We believe that there are a number of benefits to be gained from working with aggregators. These include the potential for savings in project development, implementation, monitoring and reporting costs by working on a larger scale. Another advantage is that processes can be streamlined to allow participation by simplifying negotiations, paperwork and other administrative tasks. Furthermore, there is the opportunity to minimise business expenses and operational costs by sharing resources and efforts among multiple projects. Finally, we feel that aggregators can help to manage project performance risk by using strategies to ensure projects meet emission reduction targets and comply with scheme requirements.

If you are a project proponent or landholder, you may wish to consider assigning your rights to an aggregator. Further information about the role of a project proponent and working with carbon service providers can be found here.

Working with aggregators

Requirements and obligations for aggregator

In order to qualify as an aggregator, an entity must meet the same eligibility, compliance and enforcement requirements as a project proponent. These include:

● The legal right to carry out the project activities must be established. 

● Furthermore, the right to be issued all BRUs from the project must be demonstrated to be lawful and exclusive. 

● Finally, a fit and proper person assessment must be undertaken.

In the event that an aggregator's application to register a project encompasses both existing and prospective sites, we would kindly request evidence of legal right at two distinct stages:

● at the time of project registration

● at the BRU issuance stage.

Aggregators are also kindly requested to follow the steps to register a project.

In addition, aggregators must complete the registration process for their projects.