3 May 2012 – A revised national carbon offset standard allows businesses to offset their products with pollution reduction under the government’s Carbon Farming Initiative.

Parliamentary Secretary for Climate Change and Energy Efficiency, Mark Dreyfus said the standard was revised in light of the Clean Energy Future package and the CFI.

“Carbon credits created under the CFI can now be used to meet carbon neutral commitments under the NCOS – providing another market for landholders who voluntarily undertake greenhouse gas abatement activities,” Mr Dreyfus said.

The revised standard also allows carbon credits issued under the government’s previous Greenhouse Friendly scheme to be used to offset emissions under the NCOS.