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carbon credits
Farmers demand government repay carbon theft
The state’s leading agricultural organisation is calling on the federal government to repay billions owed to farmers. Costly emissions reduction action taken by farmers to help Australia meet its Kyoto commitments resulted in a surplus of 431 million tonnes of carbon captured – worth more than $30 billion* today. NSW Farmers President James Jackson said the balance sheet must be squared before the federal government signs up to any deals at Glasgow.
Packhorse Pastoral plans to rope in $1.5bn of cattle stations
Australian cattle property investment firm Packhorse Pastoral Company has opened its second fundraising as part of plans to buy $1.5 billion worth of rural agricultural land and build mass-scale land regeneration with carbon upside.
Emissions Reduction Fund delivers 100 million carbon credits
Minister for Energy and Emissions Reduction Angus Taylor said the 100 millionth ACCU (Australian Carbon Credit Unit) has been issued for the Wilinggin Fire Project, which manages savanna burning in Western Australia’s Kimberley region and is managed by the Ngarinyin people. “The Wilinggin Fire Project is supported and led by the local Indigenous community, and one which returns substantial environmental and economic benefits,” Minister Taylor said ... Savanna fire management projects apply strategic early dry season burning with the aim of reducing the frequency and extent of late dry season fires. This results in fewer greenhouse gas emissions ... ACCUs from savanna fire projects command a premium in the private market.
Avenel Station offer diverse revenue sources
New South Wales western crown land lease Avenel Station is expecting interest north of $20 million from buyers looking for expansion, as well as those with funds for carbon credit projects. Located 150 kilometres north of Broken Hill, Avenel Station spans 121,810 hectares and comprises Avenel, Mt Westwood, Joulnie and Teilt.
New release: A guide to participating in soil carbon farming
Soil carbon farming has been mooted as one of the key strategies for offsetting Australia’s greenhouse gas emissions, with the ancillary benefit of improving soil health and farm productivity. This new Occasional Paper by Professors Robert E White, Brian Davidson and Richard Eckard from the University of Melbourne, explains in simple terms the procedures for a landholder to participate in the Emissions Reduction Fund.
