What is a carbon offset?
A carbon offset is a formal recognition that one tonne of carbon dioxide has been either removed from the atmosphere, or prevented from being released into the atmosphere. Carbon offsets are measured in metric tons of carbon dioxide-equivalent (CO2e) and may represent six primary categories of greenhouse gases. One carbon offset equals one tonne of carbon dioxide equivalent.
The greenhouse gas categories include: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), perfluorocarbons (PFCs), hydroflourocarbons (HFCs), and sulfur hexafluoride (SF6).
As a provider of forest carbon sink assets, CO2 Australia’s Carbon Sequestration ProgramTM is unique in the Australian market.
This program typically involves establishing long-term plantings of native trees for the purpose of generating carbon offsets, at a commercial scale unsurpassed in the industry.
As a society, we are confronted with the twin challenge of avoiding emissions being released into the atmosphere going forward and sequestering the historic emissions that are already contributing to climate change.
Tree plantings represent the only cost-effective option for locking up emissions that have already entered the atmosphere.
Forest carbon sinks provide the greatest present-day opportunity for capturing carbon dioxide from the atmosphere.
In addition to storing CO2, forest carbon sinks can also:
- Improve soil structure;
- Reduce the risk of soil erosion and salinity;
- Reduce nitrification, sedimentation and degradation of waterways;
- Improve water quality in catchment areas by minimising runoff;
- Support greater biodiversity, both locally and regionally; and
- Improve habitat and local micro-climates for native fauna.
These are just some of the benefits identified in research carried out by groups such as Future Farm Industries CRC and CSIRO, and some of the environmental credentials you can claim for your own organisation when utilising CO2 Australia’s Carbon Sequestration ProgramTM.