Eneco Holding NV, the third-biggest utility in the Netherlands, has joined with a two-year-old startup in one of the first ventures to sell international emission offsets to Australian companies.
Ramp Carbon Pty Ltd., a Melbourne-based developer of projects in Latin America and South Africa to reduce greenhouse-gas emissions, announced its partnership with Eneco a day after Australia passed a law that will require almost 500 of the country’s largest emitters to pay for their pollution for the first time. The law allows firms to offset as much as half of their Australian discharge by purchasing credits awarded for projects that limit carbon releases abroad.
