Tasmanian forests on private land will be preserved through an innovative programme that will prevent logging and provide income for landowners who protect their native forest land. 150,000 hectares of Tasmanian private forest will be protected from logging for 25 years.
Redd Forests, the Australian based carbon project developer, has achieved validation of its Tasmanian Improved Forestry Management projects, the first such projects in the world.
Working with Tasmanian landowners, Redd Forests has registered the first of multiple projects, all of which protect native Tasmanian forests from being logged, on the international Verified Carbon Standard (VCS) Registry today.
The first project will generate 40,000 voluntary carbon units per year for the next 25 years. It covers an area of some 7,000+ hectares of privately owned forest that, historically, has been logged for, predominantly, woodchips.
Climate Friendly, the Australian based global leader in voluntary carbon markets, has agreed to be the first buyer of carbon credits from these projects.
Through this innovative program, landowners are now able to earn carbon credit income for the avoided emissions from the international carbon market, the pending Australian Carbon Farming Initiative or a future Australian Emissions Trading Scheme.
A further 15,000 hectares already under contract with Redd Forests will closely follow with each parcel of land being individually verified over the coming months. Redd Forests aims to achieve a total in excess of 150,000 hectares of Tasmanian private forest under protection by the end of 2012.
Each project avoids the emissions of greenhouse gases resulting from the logging, chipping and pulping of the timber into short-lived paper products. Instead the forests will be protected and managed by their owners for 25 years enabling them to regenerate, grow and store carbon.
The projects also provide part of the solution to the Tasmanian forestry debate; providing an alternative income to private land owners who would otherwise continue to rely on revenues from logging their land for low value woodchips. Traditionally, there has been an ongoing division between two opposing objectives or either reservation or logging. This program now presents an opportunity to achieve conservation and at the same time, generate employment opportunities and income for landowners.
Redd Forest’s projects add much needed impetus to recognising Tasmania’s unique private land, native forest estate. They also help move the State’s timber industry to a sustainable future based on high value timber products. This program will end the dependence on wood-chipping native forests, recognising that there is currently a rapid displacement of the woodchip market to a plantation-based industry.
Stephen Dickey, Managing Director of Redd Forests said; “this is a win-win for Tasmania, for Australia’s fight against climate change and forest loss in general. It values the standing native forests rather than the woodchips they have historically provided and recognises their role in sequestering and storing carbon dioxide and protecting habitats for endangered species such as the iconic Tasmanian Devil and Tasmanian Wedge Tailed Eagle.”
“Tasmania’s native forests are of paramount importance, internationally. They are home to the tallest flowering plants on Earth and are a significant store of carbon. Protecting these forests from planned harvesting and helping them recover from historical harvesting benefits everybody” he added.
Freddy Sharpe, CEO OF Climate Friendly, said “We are delighted to be the first buyer of carbon credits from these projects which keep carbon where it belongs, in the ground, and which protect our majestic native forests. We congratulate REDD Forests on achieving VCS validation and registration of these world leading, Australian based projects and we look forward to working with our global clients to ensure ongoing support for these vitally important programs.”
About Redd Forests
Redd Forests Pty Ltd is a “profit for purpose” business designed to apply commercially viable methodologies to replace activities that degrade or destroy the world’s forests.
The company’s philosophy is simple; the world’s great forests, the soils of the land they rest on and the biodiversity they protect, must be of greater value left whole and sustainably managed than cut down and degraded. No man-made plantation can perform their function of sequestering greenhouse gases as well or, therefore, as valuably. As a consequence Redd Forests seeks to realise the commercial value of these forests as environmental assets for their owners and remunerate them for their safekeeping.
About Climate Friendly
Climate Friendly is a pioneer in delivering innovative carbon management solutions to businesses and individuals in Australia and around the world. The company provides footprinting services, carbon credits, renewable energy certificates, carbon assurance, and communications support to private and public sector enterprises globally. The company’s goal is to make it quick and easy to take immediate, meaningful action on climate change.
About the Verified Carbon Standard (VCS)
The Verified Carbon Standard (VCS) is the most widely used carbon accounting standard among projects issuing credits in the voluntary market. Founded in 2005 by the Climate Group, the International Emissions Trading Association and the World Business Council for Sustainable Development, VCS has pioneered trusted and innovative tools for generating quality GHG credits.
The VCS Methodology Approval Process is a unique pathway for the development and refinement of project methodologies to reduce GHG emissions. The process allows project developers to pioneer new approaches to GHG mitigation that address the challenges they face on the ground.
And on Climate Specatator: HERE
“A project to protect 150,000 hectares of Tasmanian forests on private land from logging will now go ahead after the Australian based carbon project developer Redd Forests gained international validation. Redd Forests says Tasmanian Improved Forestry Management projects, which it says is the first of its type in the world, has been validated by the Verified Carbon Standard Registry. This will allow it to generate and trade some 40,000 carbon units for the voluntary market per year over the next 25 years.
The project covers an initial area of some 7,000+ hectares of privately owned forest that, historically, has been logged, mostly for woodchips.
This program will allow landowners to earn carbon credit income from the international carbon market, pending Australian Carbon Farming Initiative or a future Australian Emissions Trading Scheme.
“This program now presents an opportunity to achieve conservation and at the same time, generate employment opportunities and income for landowners,” Redd Forests managing director Stephen Dickey said in a statement. “It values the standing native forests rather than the woodchips they have historically provided and recognises their role in sequestering and storing carbon dioxide and protecting habitats for endangered species such as the iconic Tasmanian Devil and Tasmanian Wedge Tailed Eagle.””