While we all need to alter our activities to drastically reduce the carbon pollution we make, we also need to begin removing the carbon pollution we've previously dumped into our atmosphere. When you see one of our tap-and-go donation points in your local bar, café or bakery, you can make a contribution to Carbon Bins, from as little as $2. Your donation is invested into Australian carbon removal projects, such as native tree-planting initiatives. These projects remove carbon from our atmosphere and restore biodiversity in the landscape. Over the longer term, our aim is to develop and fund new projects, that will help to reduce and manage carbon.
Donations made to us for carbon removal are pooled and are used to purchase Australian Carbon Credit Units (ACCUs) generated via tree planting projects in Australia. Each ACCU generated from these projects represents one tonne of carbon dioxide equivalent (tCO2-e) removed from our atmosphere and stored within these trees and in the soil around them. Carbon Bins adheres to a strict set of criteria when purchasing credits that can be viewed here. In short, we only purchases high quality ACCUs that have been generated because measurable, verifiable and additional quantities of carbon pollution have been removed from the atmosphere - we publish details of the ACCUs we purchase here. Carbon Bins currently purchases ACCUs at cost from Australian based supplier, CO2 Australia.
We want to see more trees in the ground, more CO2 removed and fewer credits available in the marketplace for big polluters to use for greenwashing. ACCUs are fungible items, meaning that they can be traded on carbon markets. All high quality ACCUs purchased by Carbon Bins are retired. Doing so reduces the supply of ACCUs from carbon markets in turn forcing the demand for them upward. There are two potential outcomes from doing this: first, the price of these credits is forced up, meaning that it becomes more costly for polluters greenwash by purchasing credits. Second, to satisfy the spike in demand for these high quality carbon credits, ACCU suppliers plant more trees - more trees means more CO2 pollution is removed from our skies.