Much of the material listed on these archived web pages has been superseded, or served a particular purpose at a particular time. It may contain references to activities or policies that have no current application. Many archived documents may link to web pages that have moved or no longer exist, or may refer to other documents that are no longer available.
Minister for the Environment and Heritage
Senator the Hon. Ian Campbell
1 March 2005
Growing forests as offsets to greenhouse gas emissions will become easier for landholders in rural and regional Australia today with the release of two new guides to planning forest sink projects.
Minister for the Environment and Heritage, Senator Ian Campbell, said the two publications - A Guide to Legal, Taxation and Contractual Issues and A Guide to Carbon Pooling and Investment Structures - would help land managers navigate the legal, financial, taxation and organisational issues involved in developing carbon sinks.
"These guides will help regional land managers and forest growers engage in carbon sink projects that are good for the atmosphere and good for the land," he said.
"Forests are a great way to offset greenhouse gas emissions from other sources such as energy generation.
"Forests inhale carbon dioxide from the air and breathe out oxygen, effectively removing carbon from the air and storing it in the tree biomass.
"In an environmental 'double-play', they generate other benefits such as providing habitat for wildlife and helping to reduce and control salinity levels."
Forest carbon sinks can be either commercial forest plantations or environmental plantations and may also earn land managers revenue from the sale of carbon offsets.
The Guides were developed as part of the Australian Government's $20.5 million Greenhouse Action in Regional Australia Programme and are another example of the Government's strong, practical action in response to climate change.
The guides complement the National Carbon Accounting Toolbox and Data Viewer launched today at the ABARE Outlook conference, further equipping landholders to reduce their total greenhouse gas emissions and increase their productivity.
For more information please visit www.greenhouse.gov.au
Community Information Unit: 1300 130 606
Senator Campbell's office: Renae Stoikos on 02 6277 7640 or 0418 568 434