fbpx Skip to main content

Burnett grazier sells first carbon credits under QLD Government LRF

Burnett grazier sells first carbon credits under QLD Government Land Restoration Fund

Central Queensland graziers Nadia and Robert Campbell of Goondicum Station have today sold the first-ever credits under the Queensland Government’s flagship Land Restoration Fund. Part of this first delivery of Australian Carbon Credit Units (ACCUs) has been sold to the Queensland Government with further purchases confirmed for the next 10 years.

The project was developed in partnership with GreenCollar on the Campbell’s property at the head of the Burnett River and has already sequestered more than 35,000 tonnes of carbon, with a forecast to capture more than 165,000 tonnes over the next 25 years.

Goondicum Station was one of the first projects to be registered under the Land Restoration Fund, which continues to be a cornerstone of the Queensland Government’s Climate Action Plan. In addition to carbon sequestration, the project delivers significant biodiversity benefits improving habitat for threatened flora and fauna, including endangered glossy black cockatoos, greater gliders, koalas and brush-tailed rock wallabies.

The project also generates investment in the regional economy with the project partners committing to spend with local businesses on material, contractors and supplies to support the project.

GreenCollar Chief Operating Officer Nerida Bradley said the project is producing the type of high-integrity, premium credits that can be rewarded with healthy returns under the Land Restoration Fund scheme:

“The Land Restoration Fund is a leading example of valuing and rewarding farmers for the additional benefits generated from carbon projects. On Nadia and Rob’s place, the carbon project is specifically designed to deliver biodiversity improvements for important endangered species and support local investment and job creation,” she said.

“By choosing to work with GreenCollar, Queensland farmers like Nadia and Robert are taking the lead and now being paid for it. With the Queensland Government’s latest $25 Million round of Land Restoration Fund funding, there is a real opportunity for Queensland farmers to continue to lead and remain the ‘gold standard’ for carbon projects across the country, demonstrating the tangible value of biodiversity improvements alongside carbon abatement and sequestration.”

Nadia Campbell, Goondicum Pastoral Company said:

“The beauty of our carbon project and working with the Land Restoration Fund is that they’re not two mutually exclusive things when it comes to integrating with our beef production. They co-exist, and we’re actually seeing an improved environment for our cattle because of the project.”

“A better-quality environment means less overheads for us in terms of land management, and we’re seeing those rewards by improving canopy coverage and regenerating large areas of forest,” she said.

GreenCollar develops nature-based carbon projects in partnership with landholders and facilitates the sale of the resulting credits to private and public organisations. Projects are designed to operate alongside grazing and other agricultural production, building greater productivity, more sustainable production, and improved terms of trade for Queenslanders by diversifying project risk and helping landholders to better manage fluctuating commodity prices.

 

Queensland farmers can learn more about the LRF and how to apply in the second investment round here.

Related Articles

27 Mar 2024

How Reef Credits deliver real, measurable, verifiable outcomes to the GBR

Panel speech by GreenCollar Chief Strategy Officer, Pierre Josset, at the 2024 Climate Investor Forum, MCG Melbourne Good morning and welcome. I’d also like to acknowledge the traditional owners of...
26 Feb 2024

GreenCollar makes strategic investment in EnergyLink Services

Media Release: Australia’s largest environmental markets developer and investor, GreenCollar, has made an investment in carbon, energy and sustainability-focused advisory firm, EnergyLink Services, forging a strategic partnership that will increase...
10 Jan 2024

REDD can be high quality: Here’s how

Opinion piece The world needs to drastically reduce global emissions. However, decarbonization will take time. One way to progress faster towards a net zero future is for companies to offset...
08 Nov 2023

GreenCollar and Australian Museum Unite

Media Release:  On 1 November 2023 the Australian Museum (AM) announced a major new three-year collaboration with GreenCollar, Australia’s largest environmental markets investor and project developer, for the AM’s Climate...
06 Oct 2023

GreenCollar’s market leading NaturePlus™ biodiversity scheme begins issuing credits

Media Release: Friday 6 October 2023: After more than three years of development, testing and validation, environmental markets investor and project developer, GreenCollar today announced issuance of over 8,500 NaturePlus™...
04 Oct 2023

GreenCollar says “YES”

GreenCollar supports saying “YES” to recognising Aboriginal and Torres Strait Islander peoples in the Constitution through a Voice to Parliament. We support the Voice as a simple and practical step on the path to creating a better future together.-
03 Oct 2023

Major purchase of Reef Credits by Queensland Government

A recent landmark purchase of $10 million in Reef Credits by the Queensland Government will inject critical support to this emerging environmental water quality market, which is dedicated to making verifiable contributions to improving the health of the Great Barrier Reef and aiding in its long term recovery.