Cheque’s in the mail for carbon sequestration
CENTRAL west farmers have this month received their final cheques from Australia’s first soil carbon sequestration pilot project to explore the use of a market-based scheme.
NSW Department of Primary Industries (DPI) climate unit director, Jason Crean, said the five-year project exceeded initial projections of stored soil carbon levels by
27 per cent.
“The Catchment Action Market Based Instrument (CAMBI) project delivered an average of 2.66 tonnes of carbon (CO2-e) per hectare, per year across the project area,” Dr Crean said.
“In exploring soil carbon as a sink for the mitigation of climate change and as part of Australia’s greenhouse response, CAMBI sequestered 9951 tonnes of CO2-e.
“Initiated in 2009, a team of policy-makers, economists and scientists asked a key question: Could we implement a soil carbon trading system, if government implemented this as policy?
“CAMBI confirmed that in the right conditions landholders can achieve a substantial rate of soil carbon sequestration.”
Extra benefits from increased soil carbon content include improved moisture retention rates, groundcover, animal health and production.
CARBON FARMING: Lachlan CMA’s Angus Arnott and NSW DPI researcher Dr Warwick Badgery.