What are carbon credits?
Carbon credits are a form of tradable certificate that represent a specific amount of carbon dioxide emissions reduced or avoided. They are used as a way to reduce emissions in a cost-effective manner, through the creation of a market for emissions reductions.
How do you sell carbon credits?
Carbon credits can be sold through various platforms, including emissions trading schemes and voluntary carbon markets. Companies and organisations may also purchase carbon credits to offset their emissions and meet emissions reduction targets.
What is carbon farming?
Carbon farming refers to land management practices that store carbon in vegetation, soils and other ecosystems. The purpose of carbon farming is to reduce the amount of greenhouse gases in the atmosphere and thus mitigate climate change.
How do I become eligible for a carbon project?
Eligibility for a carbon project varies depending on the specific project, but generally, you need to demonstrate that your project will result in significant emissions reductions or removals, and that these reductions are additional and not required by any existing laws or regulations.
What is the emissions reduction fund?
The Emissions Reduction Fund (ERF) is an Australian government policy aimed at reducing greenhouse gas emissions by supporting emissions reduction projects through the purchase of carbon credits.
How long does a soil carbon project last?
A soil carbon project registered through the ERF can last anywhere between 25 and 100 years
What costs are involved in running a soil carbon project?
Costs involved in running a soil carbon project include monitoring and verification expenses, administration costs, and costs associated with implementing and maintaining the soil management practices.
What are the financial risks should I consider when running a carbon project?
When running a carbon project, there are several financial risks to consider, including changes in policy and regulatory frameworks, fluctuations in the price of carbon credits, and difficulty in accurately predicting and verifying emissions reductions.
What factors contribute to the termination of a carbon project by regulators?
Factors that can contribute to the termination of a carbon project by regulators include failure to meet the project's emissions reductions targets, non-compliance with regulatory requirements, and failure to provide accurate and complete reporting.