SYDNEY, 6th of January 2014 – GCS is pleased to announce the approval of its latest Native Forest Protection project under the Carbon Farming Initiative (CFI) – the first ever on leasehold land.
The declaration of the Osterley Downs Native Forest Protection Project by the Clean Energy Regulator is a key milestone in the growing carbon farming sector and another important first for the GreenCollar Group and GCS.
“This marks a watershed moment for leasehold properties and we look forward to more projects now that the pathway is open. The approval follows 12 months of hard work by GCS and Western Lands to put in place the policies to make such approvals possible” said Lewis Tyndall, Director of Legal and Compliance at GCS
Native Forest Protection projects involve the sustainable management of forestry and agricultural projects for the purposes of generating carbon credits under the CFI.
Farmers are able to continue grazing, but will receive additional income by managing the farm in such a way as to also protect and optimize carbon stocks in native eucalypt and cypress forests.
“Approval for this first of a kind project comes just weeks after we were issued the first ever Australian carbon credit units for the first native forestry protection project under the CFI, the Horse Ridges Native Forest project” said James Schultz, CEO of GCS.
GCS has been a leader in Native Forest Protection and the Carbon Farming Initiative since its inception.
“We authored the first improved forest management methodology applied in Australia for the purpose of generating carbon credits through changing logging practices” Schultz said.
“We also authored the first and only Native Forest Protection methodology approved under the CFI which make these projects possible.”
For further information on Native Forest Protection and the CFI please call
02 8021 4300 or visit www.greencollar.com.au