PLANTATION PROJECTS EXPLAINED
Plantation forestry carbon farming projects reduce emissions by converting short rotation plantations to long rotation, which hold carbon in the harvested wood products, or by developing new plantations that store additional carbon in the planted trees and harvested wood products. These projects then produce carbon credits which can be traded.
PROJECT ASSESSMENT & REGISTRATION
PROJECT QUALITY ASSURANCE AND REPORTING
CARBON FARMING REVENUE
PLANTATION FORESTRY PROJECTS IN PRACTICE
A plantation forestry project allows plantation owners to generate Australian Carbon Credit Units (ACCUs) by expanding or optimising their estate for solid wood production. These ACCUs can then be sold under the Emission Reduction Fund (ERF), or to other parties through Australia’s emerging secondary carbon market.
Plantation Management Activities:
A plantation owner, manager or investor can generate ACCUs by undertaking one of three plantation management activities:
Converting a short rotation plantation to a long rotation hardwood plantation. The plantation age is extended and it undergoes several commercial or non-commercial thinning operations to enhance the final sawlog crop.
Converting a short rotation plantation site to a long rotation sawlog plantation. The original short rotation crop is harvested and the new long rotation crop is planted.
Development of a greenfield plantation site on environmentally suitable land (as a long or short rotation plantation).