A soil carbon project is a voluntary initiative undertaken by landowners to promote sustainable land management practices that increase soil organic matter and improve soil health.
The objective of a soil carbon project is to sequester atmospheric carbon dioxide in the form of soil organic matter, thereby mitigating climate change. As the world seeks ways to achieve net-zero emissions, soil carbon projects will play an increasingly important role in mitigating climate change.
Participation in a soil carbon project can generate income from the sale of carbon credits.
Soil carbon projects also offer additional benefits for landowners, including improved crop yields, increased water retention, and reduced erosion.
ACCUs are Australian Carbon Credit Units and are an important tool in helping Australia meet its emissions-reduction targets. Each ACCU represents one tonne of carbon dioxide equivalent emissions abated or reduced, and are created when an eligible project redcues greenhouse gas emissions.
ACCUs provide a financial incentive for landholders, companies and individuals to reduce their emissions, as they can sell their ACCUs on the open market. ACCUs can be traded between companies and individuals.
ACCUs also provide a way for businesses to offset their emissions if they are unable to reduce them directly. Companies that are required to buy ACCUs can either purchase them on the open market, or they can invest in projects that generate ACCUs. ACCU holders have a responsibility to use ACCUs in accordance with the legislation, which includes ensuring that the ACCUs represent genuine emissions reductions.
Australia's Clean Energy Regulator (CER) is an independent statutory authority that works to reduce Australia's emissions and ensure that we meet our international obligations under the Paris Agreement. The CER is responsible for administering the carbon pricing mechanism, which is a key part of Australia's response to climate change.
The CER also administers the Renewable Energy Target, which aims to increase the use of renewable energy in Australia. In addition, the CER provides data and advice on Australia's emissions reduction efforts, and oversees the reporting of emissions by businesses and other organizations. The CER is an important part of Australia's commitment to tackling climate change, and plays a vital role in helping us meet our international obligations.
Natural Capital Co have a simple and transparent approach to running Soil Carbon Projects.
First, we separate the Project into two inital phases - Pre and Post Lodgement (Registration), then we separate each step into a further 7 phases.
For more information on how to get started with NCC, visit the GETTING STARTED page
25 years or 100 years permeance - most projects now are 25-year contracts.
There are many variables which contribute to costs of a carbon project. What we have found is that the most common costs impacting a project is the scale of the project, the complexity of project areas and how many methodologies are used. Once we know more about your property and project, we will be able to walk through with you what we think the costs might look like - specific to your project.
This has already occurred in early 2022. The regulators will provide contingency for transition to newer methods if and when this occurs again.
It transfers to the new title holders. Any carbon sequester after the transfer means the credits are issued to the new landholders.
Carbon projects are registered on the title as part of disclosure compliance, this does not mean it’s a covenant on the title.
The ERF is moving towards an integrated farm method which will allow stacked methods. There will be uptakes to the methodologies in early 2023. NatCapCo will inform clients of any changes and recommend changes where appropriate.
These are many and varied, it is Natural Capital Co's role to manage the compliance requirements on behalf of the project proponents. Further details can be discussed with the Natural Capital Co Team.
Yes, you can, but be aware that there can be unforeseen roadblocks. The path is a complex and arduous, and it’s a steep learning curve.
Approximately every 5 years. The measurement of carbon is an expansive exercise. And so these occasions are chosen very carefully. If seasonable conditions have been favourable, you can choose to bring the measurement forward. If there have been drought conditions, you can choose to delay the measure period.
· We offer the most comprehensive assessment and take a holistic approach to carbon project development.
· Our processes have been tested and take into account your farm in its entirety including biodiversity credit opportunity.
· Our team offers excellence in expertise in a wide range of fields.
Yes, this is part of the compliance requirements for a carbon project but we can also do these independently. Natural Capital Co also takes into account carbon foot printing in an ESG framework which assist in branding environmental claims.
It's not a nice thought, but still a question you might have. We are all about transparency so happy to answer this question for you. Every project proponent will be informed as early as possible and Natural Capital Co has a succession plan in place in the unlikely event that this should happen.
Yes, the carbon foot printing component is embedded in our ESG frameworks.
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