Carbon Credits (Carbon Farming Initiative) Act 2011

Discussion in 'News from around the damp planet' started by ecodharmamark, Oct 29, 2011.

  1. ecodharmamark

    ecodharmamark Junior Member

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    Finally, for all you 'carbon farmers' out there, here it is:

    Carbon Credits (Carbon Farming Initiative) Act 2011

    Of note:

    Part 1 (4) [dot point 2] An Australian carbon credit unit is personal property and is generally transferable...

    Let the fun begin, Markos.
     
  2. Michaelangelica

    Michaelangelica Junior Member

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    How about a summary Mark?

    How will they test soil for carbon levels?

    Will they make a distinction between bio-char/charcoal
    and mulch/compost/organic stuff?
    The first lasts for aeons. the second only for a year or two.

    Will backyards/small holdings have a look in?
     
  3. ecodharmamark

    ecodharmamark Junior Member

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    G'day Michael, All

    The Carbon Farming Initiative (CFI) is a voluntary carbon offsets scheme being established by the Australian Government to encourage land sector abatement and provide opportunities for farmers and landholders to participate in carbon markets.

    As part of Australian Government-funded research, scientists are analysing a range of samples to understand how much carbon is stored in our soils. This data will underpin the development of carbon storage options which may generate carbon credits under the CFI.

    Demonstrating permanence is important for offsets that involve the storage of carbon dioxide, for example in plants or soils. If this is subsequently released, there is no benefit to the atmosphere. Biological carbon stores are generally considered permanent if they are held for at least 100 years.

    Potential participants in the CFI include farmers, landholders, foresters, community groups, businesses and governments. The primary role for farmers, landholders, forest growers and community groups will be to carry out activities that can create carbon offsets. Businesses, such as agents or carbon trading companies, may assist project proponents to participate in the scheme.

    Further reading:

    DAFF (2011) Carbon Farming Initiative - Fact Brochure

    CSIRO (2010) Investigating Biochar: From Source to Sink

    DCCEE (2011) Carbon Farming Initiative - Fact Sheet

    Cheerio All, Markos
     

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