Carbon
The Hub Priority is for active and adaptive forest management to be a key driver of positive climate outcomes in Tasmania.
Tasmania has recently achieved net zero greenhouse gas emissions across all economic sectors.
The active management of forests and natural resources can have a positive impact on climate change while supporting prosperous lives and lifestyles for all Tasmanians.
Hub Priority Projects
Current Projects
REPORT RELEASED – 9 September 2024
Tasmanian forests and the carbon market: Barriers and opportunities
This report, produced for the Tasmania Forestry Hub, provides a timely industry perspective on Tasmania’s forest carbon market; its strengths, barriers to its expansion and strategies and reforms that will help ensure the sustainable growth of forest-carbon projects in Tasmania. In addition to providing background information on the operation of the ACCU scheme, the report also summarises the findings of an industry workshop held in Launceston in June 2024.
A key workshop finding was that while carbon credits provide an important source of additional income for approved forestry projects, the decision to invest in such projects and their ultimate viability depend largely on other factors, chiefly the commercial return on resulting forest products. The bottom line is that it is neither viable nor desirable to grow trees for carbon credits alone, but ACCUs can incentivise plantation establishment and forest management practices designed to maximise carbon storage.
Read the Final Report here.
You can view a short video summary of this project from Professor Richard Eccleston here
Completed Projects
2023 Farm Forestry Carbon Tool
Created by the Tasmania Forestry Hub in collaboration with Private Forests Tasmania, the tool was developed by Tasmanian tech company Indicium Dynamics, this tool is available on the Farm Forestry Carbon Tool website or directly via Carbon Estimator
2020 Climate Change and Carbon Policy Assessment report
Download Climate Change and Carbon Policy Final Report
Completed November 2020, this report details opportunities for expansion of Tasmania’s forestry sector grouped around key themes of:
- adapting to climate change;
- improving climate policy and carbon markets;
- exploring bioenergy opportunities:
- natural capital and ecosystem services.