Planting Trees

CO2 Australia is the Australian market leader in the establishment and management of forest carbon sinks intended for registration under formal emissions reduction schemes.

During 2004, CO2 Australia, which is the main operating entity of the publicly listed CO2 Group Limited (CO2 Group), was the first reforestation company to be accredited under the NSW Greenhouse Gas Abatement Scheme (GGAS); the second largest carbon market in the world. Just two weeks later, CO2 Group announced a contract to supply carbon credits to Origin Energy.

In 2005, CO2 Australia entered contracts to establish forest carbon sinks for Country Energy and Eraring Energy. Eraring Energy has built its forest carbon sink portfolio every year since.

In 2006, CO2 Australia entered into a Joint Venture with Macquarie Bank Limited to establish and manage a forest carbon sink, and was engaged by the Victorian Department of Sustainability and Environment to undertake plantings. CO2 Group also became the first Australian Associate Member and a listed Offset Provider under the Chicago Climate Exchange.

During 2007, CO2 Australia became the first reforestation company to become an accredited abatement provider under the Australian Government’s Greenhouse Friendly™ program and won new contracts to establish and manage forest carbon sinks on behalf of Qantas Airways, Woodside Energy, the City of Sydney, EDS Australia and the Big Day Out.

In 2008 CO2 Australia announced projects for INPEX/Total Browse JV, Newmont Mining Corporation, Rip Curl, and successfully completed a takeover bid for the Oil Mallee Company of Australia.

CO2 Australia has grown to include a staff of 31 in-house professionals located across six offices in three Australian states. Large-scale tree plantings have been successfully established and managed in New South Wales, Victoria and Western Australia, totaling some 12,500 hectares of mallee eucalypts.