A private company that develops re-afforestation projects to earn carbon credits said the newly approved Reforestation and Afforestation Methodology opens the way for valuable forestry projects in Tasmania. Source: ABC Rural
CO2 Australia Director, Dr James Bulinski said projects worth millions of dollars now have the go ahead.
The much awaited Reforestation and Afforestation Methodology was approved by the Parliamentary Secretary for Climate Change and Energy Efficiency just weeks ago, giving the go ahead for registering projects and earning Australian Carbon Credit Units (ACCUs) to trade under the Australian Carbon Pricing Mechanism.
CO2 Australia developed the first privately developed methodology in the forest sector to reach the Determination stage and the first to apply in-field carbon accounting approaches.
“This is a highly complex and technical piece of work that leverages CO2 Group’s 10-year investment in developing commercial-scale, carbon accounting systems.
“Following 18 months of working through the government’s rigorous review process, we are tremendously proud to have achieved this milestone which confirms our solid expertise in the carbon space,” said Dr Bulinski.
