Options for Forest Sector Participation in International Carbon Markets: Unlocking the Carbon Market Potential of Australia’s Forest Sector DOI Creative Commons
S Suitor, David Hadley, Fabiano Ximenes

и другие.

Land, Год журнала: 2025, Номер 14(3), С. 473 - 473

Опубликована: Фев. 25, 2025

Carbon markets have emerged as a central component of international climate change policies. Within these markets, forest carbon offset projects become key nature-based solution due to their low cost, large scale, and co-benefits. However, despite Australia’s vast estate, sector-specific offsets remain nascent in the Australian Market, ACCU Scheme. Only 3.27% Credit Units been issued sector projects. This limited participation can be attributed several constraints within Scheme, principally number methods available for engage in. As result, less than 1% current both plantation native forests, is considered eligible participate eligibility further compounded by complexity cost participation, which act significant barriers paper explores potential expand involvement market through comprehensive literature review markets. The found extensive with various across 20 including largest voluntary compliance These cover bioeconomy, built environment. Key results indicate that revising existing methods, developing new ones Scheme’s proponent-led method development process, increasing could significantly types contributing emissions reductions Broader conclusions suggest embracing lessons from practises addressing methodological constraints, Australia realise this potential. Doing so would not only bolster nation’s mitigation efforts, but also unlock co-benefits biodiversity, water quality, soil productivity, ecosystem resilience, ultimately sustainable resilient bioeconomy.

Язык: Английский

Options for Forest Sector Participation in International Carbon Markets: Unlocking the Carbon Market Potential of Australia’s Forest Sector DOI Creative Commons
S Suitor, David Hadley, Fabiano Ximenes

и другие.

Land, Год журнала: 2025, Номер 14(3), С. 473 - 473

Опубликована: Фев. 25, 2025

Carbon markets have emerged as a central component of international climate change policies. Within these markets, forest carbon offset projects become key nature-based solution due to their low cost, large scale, and co-benefits. However, despite Australia’s vast estate, sector-specific offsets remain nascent in the Australian Market, ACCU Scheme. Only 3.27% Credit Units been issued sector projects. This limited participation can be attributed several constraints within Scheme, principally number methods available for engage in. As result, less than 1% current both plantation native forests, is considered eligible participate eligibility further compounded by complexity cost participation, which act significant barriers paper explores potential expand involvement market through comprehensive literature review markets. The found extensive with various across 20 including largest voluntary compliance These cover bioeconomy, built environment. Key results indicate that revising existing methods, developing new ones Scheme’s proponent-led method development process, increasing could significantly types contributing emissions reductions Broader conclusions suggest embracing lessons from practises addressing methodological constraints, Australia realise this potential. Doing so would not only bolster nation’s mitigation efforts, but also unlock co-benefits biodiversity, water quality, soil productivity, ecosystem resilience, ultimately sustainable resilient bioeconomy.

Язык: Английский

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