Soil Carbon Farming in New South Wales
Every State in Australia differs slightly when it comes to soil carbon farming.
How is New South Wales different?
Last year, the NSW Government’s Treasurer Matt Kean announced that primary producers and landholders in NSW (responsible for the generation of around 14 percent of total emissions) will be a significant player in helping the State meet it’s emissions reduction goal of 50% by 2030 and net zero by 2050 (SMH 17/22).
There are two key points
This will not only provide an avenue to reduce the State’s net emissions, but also represent a significant economic opportunity for the agricultural and land management sectors in NSW. CarbonLink has been working with NSW producers and landholders in the regions to develop strategies for successful entry into carbon farming, while also helping producers understand the associated regulations, technologies, markets and risks. We have also been helping to facilitate collaborative projects between producers and other key stakeholders such as governments or research institutes.
Business Development Manager Charlie Hawkins explains the basic principles of soil carbon farming.
The Emissions Reduction Fund (ERF) is a Government fund setup to purchase Australian Carbon Credit Units (ACCUs). It helps Australia meet its emission reduction targets. One ACCU represents 1 tonne of CO2 emissions avoided or sequestered. An ERF soil carbon project enables a producer to generate ACCUs and sell them to the Government, companies or private buyers. Projects generate ACCUs by implementing new eligible management practices that sequester carbon into the soil. One tonne of Soil Organic Carbon sequestered is equivalent to 3.66 tonnes of CO2.
What projects qualify?
Our soil carbon farming team in New South Wales are highly trained and experienced in developing soil carbon opportunities for producers across a wide range of landscapes. We’re always on the road visiting producers and are only too happy to drop by to answer any questions you may have.
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