Carbon credit in Australia
Several countries have declaired its targets towards carbon neutral... how can it be achieved? Carbon credit is a key system and the market is rapidly expanding. Here in this blog post, the latest situation of carbon credit is summarised.
THis blog post is still being updated actively!
Carbon credit market
Many contries have pledged Carbon Neutral targets and their Green growth strategies have been released.
Carbon credit system is a key to acheive those targets.
A good introduction of the cabon credit market https://marketplace.carbonmarketinstitute.org/participate/
Emissions reduction fund
The procedures to get accredited are summarised in the following link. http://www.cleanenergyregulator.gov.au/ERF/Want-to-participate-in-the-Emissions-Reduction-Fund
Australian Carbon Credit Units (ACCUs) are one of the carbon credit systems the Australian governement accepts. http://www.cleanenergyregulator.gov.au/OSR/ANREU/types-of-emissions-units/australian-carbon-credit-units
Agricultural method
Within the ERF, there are (a) Agricultural methods, (b) Savanna burning methods and (c) Vegetation nethods for the land sector.
- http://www.cleanenergyregulator.gov.au/ERF/Choosing-a-project-type/Opportunities-for-the-land-sector
Vegetation methods are basically forest management including tree planting and savanna burning is management to prevent bush fire.
Within the agricultural methods, there are (a) piggery, (b) cattle, (c) dairy, (d) irrigated cotton and (e) soil carbon methods.
Soil carbon method
2018 methods rely only on soil sampling, taking 5 years. 2021 methods combine soil sampling and modelling & simulation, allowing to accredition every year. It’s moving towards more model-based evaluation system.