THE WORLD’S FIRST SOIL CARBON CREDITS ISSUED – & SOLD ON THE SAME DAY!
March 18, 2019 Louisa Kiely
AND, they are AUSTRALIAN CARBON CREDIT UNITS (ACCU’S) HOORAY!
YES, in a classic ‘it won’t happen over night, but it will happen’, yesterday I had the privilege of attending, speaking at, and congratulating the team at the ceremony where the first Australian SOIL CARBON Credits were issued. These are also the first in the World. Not bad eh?
This project is being run under Version 1 of the Emissions Reduction Fund (ERF) approved ‘Sequestering Carbon in Soils in grazing systems method. All new soil Carbon Projects will need to be developed under Version 2. This is great news as all types of Farming can be included – Horticulture, Viticulture, Cropping, and mixed enterprises!
The ‘new’ activity was combining cultivation, mulching, aeration, and mixed species seeding to improve grazing systems in a cattle enterprise and build soil carbon. They are using the Soil Kee system – and yes Soil Kee will be at the conference and be demonstrated at the Carbon Farming Field Trip as part of our event.
The princely amount of 406 credits were issued.
Yes, its small, but as we all know – sing it with me – From Little Things Big Things Grow.
But wait, there’s more… in BREAKING NEWS
In another World First yesterday Carbon Farmers of Australia bought 10 of these soil carbon credits at a price of $100 each.
Now THERE’S a price on Carbon!
CFA has always maintained that Soil Carbon credits are ‘gourmet’ credits due to their ability to assist in soil security and food security. They should not be priced as a commodity.
We trust this will inspire others to also make a stand. We are hatching a plan to ‘auction’ others at the conference…
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I have more speakers being unveiled next week.