Biodiverse Carbon Credit Pilot Project
Most of us have done some revegetation or helped an area regenerate. After all the planning, organising and hard work it is gratifying to see the plants grow and enjoy the biodiversity, agricultural and amenity improvements they bring. What if these activities could also earn you money for the next 25 years just by storing carbon as they grow?
Carbon farming can generate Australian Carbon Credit Units (ACCUs) by following specific carbon farming “methodologies” that reduce emissions or store carbon. The carbon credits can be sold to provide an additional financial revenue flow to the land manager.
The Department for Environment and Water (DEW), has identified Kangaroo Island as a primary location to launch the first biodiverse carbon farming pilot project because of its rainfall, soils, potential carbon yield and land availability.
The Kangaroo Island Biodiverse Carbon Pilot project will provide incentives to participating landowners to undertake planting and/or natural regeneration of native vegetation to provide a new, long term income stream. These activities will be structured to provide agricultural and biodiversity benefits (known as co-benefits) as well as store carbon.
Small scale plantings or actively supporting natural regeneration can provide shelter for stock, reduce erosion, filter nutrients and sediments from water flowing into rivers and dams and harbour beneficial pollinating and predatory insects as well as carbon.
Using a mixture of local indigenous species will provide greater biodiversity benefits as well as improved connectivity, reduced fragmentation and restored ecosystem functionality. These agricultural and biodiversity “co-benefits”may attract a premium price from some purchasers of carbon credits.
Expressions of Interest for the Kangaroo Island Biodiverse Carbon Credit Pilot Project are now open and can be downloaded here
For more information take a look at our Frequently Asked Questions (FAQs) which can be downloaded here