Large scale carbon forestry planting underway Planting of more than 10,000 hectares of mallee eucalypt trees is now underway as part of one of the largest carbon forestry projects in Australia.A leading developer of carbon forestry projects, Carbon Conscious, a major developer of carbon forestry projects says it has received a substantial increase in new client enquiries from organisations now facing major carbon liabilities under the Clean Energy Act 2011, as well as from New Zealand companies with liabilities under the New Zealand Emissions Trading Scheme (ETS). "At the completion of the 2012 planting program, Carbon Conscious will have approximately 19,000 hectares of plantings under management across Australia and New Zealand” says company's chief executive officer, Peter Balsarini. "Ongoing contract revenue associated with existing projects will exceed AU$43 million over the next 15 years.” Source: Stock Journal |
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