Tasmanian forests worth $3b in carbon cash

Tasmania's wilderness could be worth nearly $3 billion in carbon cash, a landmark study has found reports ABC. A study commissioned by the state's Labor-Green government, the most comprehensive conducted in Australia, has found the island's forests store 4.4 billion tonnes of carbon.

Consultants CO2 say that could be worth AU$280 million in current voluntary carbon markets but up to 10 times that amount if Australia commits to the Kyoto Protocol's article 3.4 on forest management. The report comes as peace talks continue between environmentalists and forestry industry representatives seeking to end the state's bitter 30-year forests "war".

Key Points from the Tasmanian Forest Carbon Study can be viewed from Forestry Tasmania's website.

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