The BCAU token represents 1kg of Australian Carbon Credit Units (ACCUs) issued by the Clean Energy Regulator of the Australian Government. It is the only token backed by ACCUs and allows the public to purchase ACCUs as an investment opportunity. BetaCarbon, founded by Guy Dickinson, offers the BCAU token as an investment in a previously restricted asset class and contributes to reducing the supply of ACCUs available to major CO2e emitters in Australia. The tokens can be bought, traded, or accumulated to balance emissions and are 100% notionally backed at all times. Purchasing BetaCarbon tokens increases the demand for carbon credits, incentivizing new carbon projects and making emissions more expensive. Australia's approach to carbon markets differs from others, as emissions-intensive activities do not require permission, but certain companies have obligations to offset emissions by purchasing carbon credits.