Friday, December 04, 2009

Soil Carbon Credits recognised by Commonwealth Government

Soil carbon credits (offsets) are finally recgnised as possible in the Australian environment after years of denial by the Commonwealth Government and official science. On the web page introducing the National Carbon Offset Standard, the Department of Climate Change & Water makes prominent references to farmland and soil carbon offsets:

"The National Carbon Offset Standard provides Australian businesses, particularly farmers, with the opportunity to develop offset credits for voluntary carbon markets. These opportunities include offsets from increased soil carbon and from other land-based emissions sources... "Carbon offsets represent a reduction in greenhouse gases, or enhancement of greenhouse gas removal from the atmosphere by sinks such as soil carbon, relative to a business-as-usual baseline. Carbon offsets are tradable and often used to offset all or part of another entity’s emissions."

The Carbon Coalition congratulates the Minister Penny Wong and her advisers for listening with open minds.

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