fbpx Skip to main content

Western NSW forests to join carbon program

GreenCollar Group will issue the first ever Australian Carbon Credit Units (ACCUS) for a Native Forest Protection project on a Western Lands lease.

GreenCollar Group said it had worked closely with landholders in Western NSW for the last three years to develop forestry projects under the Carbon Farming Initiative (CFI).

GreenCollar Group is working with landholders to manage over 50,000 ha of Native Forest in Western NSW for carbon whilst maintaining traditional farm activities including grazing and cropping, it said.

The ACCUs generated from these projects will be sold to companies with liabilities under the Carbon Pricing Mechanism as well as the government’s new Emission Reduction Fund.

“The creation of these carbon credits represents a significant new income stream to farmers on Western Lands Leases. For farmers carbon credits are now an important part of the picture when making land use planning decisions,” said James Schultz, CEO of GCS.

“This marks a watershed moment for leasehold properties and we look forward to more projects now that the pathway is open. The issuance follows two years of hard work by GCS and Western Lands to put in place the policies to make such approvals possible. We liaised directly with the Ministers and State Government who were incredibly helpful,” 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 our latest and 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,” Schultz said.

-This article was originally published here on The Australian website, 24 February 2015

Related Articles

11 Sep 2023

Reef Credits: Grazing Land Management Method

New Ground-breaking Reef Credit Method for Grazing Land Management open for consultation   A new Grazing Land Management (GLM) Method that measures and values the reduction in sediment losses resulting...
19 Jun 2023

Reef Credits – 3 different approaches to meet different needs

When Reef Credits launched in 2020, there was just one way farmers and other land managers could get involved – by improving fertiliser management to reduce the flow of dissolved inorganic nitrogen to the Great Barrier Reef. Now, three years later, there are two new ways to get involved that suit a broader spectrum of farming operations.
19 Jun 2023

Reef Credits or Grants – carefully considering the best options for you

Environmental markets are not dissimilar to farming or commodity markets. The difference being, instead of food or fibre production, environmental markets measure and place a value on and trade in cleaner air, water or improved habitat and biodiversity.
13 Jun 2023

What are Reef Credits and how are they generated?

Being paid to implement best practice land management and deliver cleaner water to the Reef, without negatively impacting productivity may seem too good to be true. But according to GreenCollar Business Development Manager Bart Dryden, and the numerous farmers already running Reef Credit projects, it really is a win:win transaction that benefits both the farmer and the environment.
07 Mar 2023

The impact of fire on carbon projects

Rain, drought, flood and fire. All elements that impact how a property is run and require constant attention and management. And while good rainfall seasons are always welcome, the corresponding build-up of vegetation flows through to the need to manage fire risk as weather conditions turn.
31 Jan 2023

The COP15 agreement on biodiversity – how has it been received?

The United Nations Biodiversity Conference, COP15, concluded in mid December in Montreal, Canada with an ambitious and historic global agreement among 196 of the almost 200 countries in attendance, though...