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Australian Minister for the Environment and Heritage
Senator the Hon. Ian Campbell
16 November 2006
A new greenhouse abatement project announced today will generate significant greenhouse emission reductions from avoided deforestation and help protect biodiversity and prevent soil erosion.
The ‘Minding the Carbon Pool’ project is the latest addition to the Australian Government’s Greenhouse FriendlyTM programme.
Announcing details today, Minister for the Environment and Heritage, Senator Ian Campbell said “Landholders, who have already signed-up to the initiative, represent almost 8000 hectares and approximately 1 million tonnes of emissions. If more landholders get involved the project has the potential to save up to 20,000 to 30,000 hectares of forests from being cleared for at least 100 years, and up to 2 to 3 million tonnes of carbon dioxide from going into the atmosphere.”
“This project involves the Australian company Carbon Pool Pty Ltd providing significant financial incentives to farmers and landholders in Queensland to retain forests that would otherwise have been cleared,” Senator Campbell said.
“Carbon Pool will buy ‘carbon rights’ from landholders who are still able to clear their land under the Queensland Government’s land-clearing legislation. They will then be able to sell the carbon stored in the saved forests to companies or industries to help them offset their greenhouse gas emissions.
“Farmers, industry and our environment will all benefit from this important new initiative.”
Senator Campbell said a growing number of companies were providing greenhouse gas offsets through Greenhouse FriendlyTM by investing in ‘abatement projects’ such as energy efficiency, waste diversion and recycling, renewable energy generation, tree planting and avoided deforestation.
“Rio Tinto Aluminium, one of Australia’s major aluminium producers and a founding member of Greenhouse Challenge Plus since 1995, is supporting this project by buying a large proportion of the greenhouse gas abatement generated by the project,” he said.
Greenhouse FriendlyTM is an Australian Government initiative that is encouraging companies to invest in greenhouse gas reduction projects, and providing businesses with the opportunity to offset the greenhouse gas emissions associated with their products or services.
Rob Broadfield on 02 6277 7640 or 0418 568 434