FAQ – General Information
- What is a carbon project?
In Australia, we have a strong framework that provides opportunities for producers and land managers to generate carbon credits.
A carbon project is set up to generate carbon credits through the reduction or storage of greenhouse gases. The project participant can then sell these carbon credits.
Over 30 different methods exist in Australia, in which projects can be registered under. Carbon Link specialises in Soil Carbon Projects.
- What is a soil carbon project?
Put simply, a soil carbon project removes carbon from the atmosphere and stores it in the soil.
These changes are measured and your carbon credits calculated at regular intervals.
Carbon Link provides a turnkey solution for interested parties that wish to undertake a soil carbon project.
If you would like to receive a free Insights Report, please fill out the form on our contact us page.
- What is a carbon credit?
Carbon credits are the general name given to a financial unit that is awarded when the equivalent of one tonne of carbon dioxide (CO2) is stored in the land or prevented from entering the atmosphere.
A range of different carbon credits are available in Australia. This includes Australian Carbon Credit Units (ACCU), Verified Emissions Reduction Units, Verified Carbon Standard and Certified Emission Reduction Units.
- What is an ACCU
The primary carbon credit that is traded in Australia is the Australian Carbon Credit Unit (ACCU).
ACCUs are issued to project proponents by the Clean Energy Regulator (CER). Once an ACCU is issued it becomes personal property. Ownership is registered in the Australian National Registry of Emissions Units.
ACCUs can be sold to generate additional cashflow.
This is done by contracting and selling to the Emissions Reduction Fund for a certain price or they can be sold into the secondary market.
The demand for ACCUs comes from sources such as the Commonwealth Government, organisations that are required to offset their emissions, voluntary markets, and state and territory governments.
The recently announced Climate Solutions Fund commits an additional $2 billion towards the Emissions Reduction Fund, which allows the Commonwealth to purchase ACCUs.
FAQ – What does a soil carbon project look like?
- What are the basic requirements for a soil carbon project?
For a project to be registered, the participant and the land will need to meet basic requirements. This includes;
- You own or lease the land.
- The area must’ve been cropped, grazed or bare fallow.
- A new or improved practice will need to be carried out once the project is underway.
- Your project will be registered for a 25 year crediting period.
- Understanding your potential
It’s important that you have an understanding what your property’s potential return is.
We offer a complimentary insights report to assist with your decision.
Please find the link to complete an EOI here.
- Importance of measurement
Soils can have a high variance across your property. If the variance isn’t mapped accurately, this can result in reduced credits being issued.
It is for this reason we have a team of GIS Specialists to analyse your property’s data, before carrying out your sampling.
- Project duration
When commencing a Soil Carbon Project, you will choose whether you would like it to run either 25 or 100 years.
What is the lifecycle of a project?