VicWater has released water industry guidance and decision-making support tools to help the sector navigate the complexities of sourcing carbon offsets, including how carbon offsets work, risks with using carbon offsets and regulatory and procurement challenges.
VicWater coordinated a cross-sector working group to ensure broad engagement in the guidance and tools, which included workshops and webinars for stakeholder input. Initiated by Melbourne Water, the report was prepared by Proud Mary Consulting.
Also available is the Decision-making Framework for Carbon Offset Use by Water Corporations, which is the companion tool to the Carbon Offsets Report, which will assist water corporations in their quest to achieve carbon offset targets.
Both documents can be found under Industry Guides on the VicWater website.