As part of the Carbon Farming Initiative Citola has been recognised as an Offset Entity by the Australian Government Clean Energy Regulator.
As a Recognised Offset Entity (ROE), Citola is able to develop Carbon Farming Initiative projects and receive Australian Carbon Credit Units (ACCUs). Recognised Offset Entities (ROEs) are responsible for undertaking all aspects of project development including accounting, reporting, monitoring, and organising verification.
The ACCUs allotted to the project are managed by the ROE and the ROE is responsible for ensuring the integrity of the carbon asset.
There are multiple ways to participate in the CFI, each with a different arrangement for sharing the costs, benefits and responsibilities for the project development. The Carbon Farming Initiative Handbook, released recently by the Department of Climate Change and Energy Efficiency, is a good resource that outlines the role of the ROE for Landholders, Service Providers, Cooperatives, and Aggregating Organisations.