Australia’s largest provider of dedicated carbon sink plantings, CO2 Australia, today supported the establishment by the Federal Government of the Domestic Offsets Integrity Committee.
The expert panel was announced today by the Minister for Climate Change and Energy Efficiency, Hon Greg Combet AM MP.
Mr Andrew Grant, CEO CO2 Australia, said: “It’s good to see the newly elected Government following through on the Carbon Farming Initiative (CFI) through this well selected committee.
“That this next step has been taken so promptly is good news.
“It’s good news for Australia and the environment because we cannot delay further in this vital policy area.
“It’s good news for Australian farmers and landholders. This is a key step in establishing a market which allows them to receive offset credits for actions that reduce or store carbon pollution. This means additional income opportunities in regional areas.
“Indeed it’s good news for environmental services providers like CO2 Australia. Market certainty such as this is always welcome in any business.”
Mr Combet’s announcement noted the new Committee has the “important responsibility of assessing the detailed methods which will provide a new income stream for farmers, foresters and landholders, and help the environment by reducing carbon pollution.”
CO2 Australia is a leader in developing metrics to assess the biosequestration of carbon via reforestation by native trees.
“We look forward to assisting the Committee if we can in its assessment of methodologies relevant to the formulation of CFI legislation,” Mr Grant said.
“Mr Combet is right. ‘The sooner we get these rigorous measures in place, the sooner investment opportunities and measures to abate carbon pollution will be available.’ Accordingly, CO2 Australia wishes the Committee all the best.”
Elise Margaritis: Marketing and Communications Manager, CO2 Australia Limited
T: 61 3 9928 5111 M: 61 408 359 977
David Park: parkyoung
T: 61 3 9014 7799 or 61 418 159-231