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Across the Forico estate in Tasmania, trees absorb carbon dioxide and sequester millions of tonnes of carbon dioxide equivalents (tCo2-e) every year. This happens in both our productive plantations and in the areas of natural forest which we manage for conservation.  

Carbon dioxide is removed from the atmosphere and converted to carbon, which our trees store as they grow in their branches, stems, leaves, bark and roots. After being harvested, timber continues to store carbon as it is manufactured into products such as furniture or structural and architectural items.

The Australian Carbon Credit Unit (ACCU) Scheme is a national program run by the Australian government's Clean Energy Regulator. It offers landholders, businesses and communities the opportunity to earn ACCUs by implementing projects that sequester carbon dioxide from the atmosphere, or avoid the release of greenhouse gases.


In an independent review of the Australian Carbon Credit Unit (ACCU) Scheme, leader of the review panel Professor Ian Chubb AC described the role of the land sector as a critical component in our battle against climate change, and the most scalable option we have to remove carbon from the atmosphere.

  • Carbon farming can reduce that CO2 and is able to be implemented at scale right now. Carbon farming is based largely on photosynthesis, the process by which plants and some other organisms use light, CO2 and water to provide energy to grow.
  • There are no other means available to draw CO2 out of the atmosphere and sequester it – at scale. Eventually? Maybe. Right now? No.

You can download a copy of the Independent Review of Australian Carbon Credit Units from the Department of Climate Change, Energy, the Environment and Water's website.

CARBON FARMING

Forico has been engaged in carbon farming projects since 2017 and has several active plantation projects registered under the ACCU Scheme.

Measuring the annual volume of carbon sequestered across our estate, and calculating the emissions from our operations, is an important consideration for Forico in the context of climate change.