CarbonCrop’s Carbon Forestry Specialist, Rowan Sprague, joins FarmIQ's Tim Orlando-Reep to discuss the opportunity available to farmers for the trees on their land, especially their native forests.
What is the ETS?
The ETS is a way for the government to put a price on emissions. The idea of the ETS is to incrementally limit the amount people/companies emit, but also increase the price so people reduce emissions over time. Want to know more about how carbon credits work, check out this post.
There’s two sides to the ETS:
The emitters, or those releasing carbon into the atmosphere.
Land owners with forests, which remove carbon from the atmosphere.
When we discuss the ETS we are primarily talking about the forestry, or supply, side. You can read more about the ETS, and the eligibility criteria in our blog post here.
Which trees earn the most carbon credits?
Something we want to touch on is what trees earn the most. As it stands, Radiata Pine do earn the most credits under the ETS because they grow faster. Pines are not the only exotic tree that’s eligible, there’s a range of forest types such as eucalypts, redwoods and more. You can read more about this in our post here.
This doesn’t mean that native forests should be forgotten. One of the most common mis-conceptions that we hear is that only pine trees are eligible for the ETS. This is not true. While natives are slower growing, so earn less credits than Pine, they can still earn credits and offer a lot of co-benefits to the land around them. To see what your forest could earn check out this blog.
You’ve got your pines registered…what about your natives?
If you’ve already got pines registered in the ETS that’s great, but have you thought about entering your native forest for carbon credits? If you’ve got regenerating bush, or marginal land with scrub, you could have eligible native forest. You might have more than you think!
With CarbonCrop’s free land assessment, there’s no harm in looking into your native forests eligibility. No upfront costs means you can unlock your native forests potential without worrying about the financial risk. Apply now to see what your native forest could be worth.
Only 17% of all registrations in the ETS are native forests.
At CarbonCrop we’ve estimated that there’s approximately 150,000 hectares of native forest eligible for the ETS, but not yet registered. There’s a significant opportunity for land owners here, as this means there’s about $90 million annual carbon credit revenue for native forests on the table.
Your native forest might be eligible for a share of that $90 million.
We believe there's a huge untapped opportunity with our native forests. Find out what you've got, and what it's worth, for free.
Native Forest Specialists
Our technology allows us to support landowners in unlocking their native forests potential. Over 80% of all forests registered into the ETS by CarbonCrop are native forests. With an acceptance rate for our native forests of over 80%, compared to 24% for everyone else, we can help you get more of your native forest registered.
Using remote sensing and AI technology, we can determine the eligibility of even the most complex forests and take care of the registration process, allowing landowners to get more of their forest recognised for carbon credits.
How does it work?
It starts with a Free Land Assessment. From there we review your land, and if you’re eligible and keen to proceed we’ll sort out all of the admin and ongoing compliance so you can focus on what’s important.