A plantation forestry carbon farming project involves establishing, expanding or continuing a plantation for wood products and carbon sequestration for either 25 or 100 years.
There are four plantation management activities that qualify for a plantation carbon project:
- Establish a new plantation (greenfield) site on environmentally suitable land as either a long or short rotation plantation (Schedule 1);
- Convert a short rotation plantation to a long rotation plantation (Schedule 2);
- Continue plantation forestry activities, where there is a risk of conversion to non-forest land use (Schedule 3);
- Transition to a permanent (not-for-harvest) forest (Schedule 4).