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Tasmanian Forest Growth
Location: Northern Tasmania, managed by Forico.
Impact: Captures an additional 200,000 tonnes of carbon over 10 years, supporting long-term carbon storage in structural timber and creating regional jobs.
Benefits:
- Enhances natural capital by preserving threatened ecosystems, regulating climate, purifying water, and providing habitat for wildlife.
- Supplies sustainable timber for construction and fosters bioeconomic solutions like fuel and biomass products.
- Boosts income and sustainability for regional communities.
Recognition: Forico has earned accolades for environmental leadership and sustainability reporting, including the 'Small and Medium Enterprise Sustainable Leadership Award' at the Banksia Foundation National Sustainability Awards, and pioneering Natural Capital Reports in Australia.
Sustainable development goals
The project meets the following United Nations Sustainable Development Goals:
Administration
Australian Government: Clean Energy Regulator
Unit type
Australian Carbon Credit Units (ACCUs)
Methodology
Carbon Credits (Carbon Farming Initiative—Plantation Forestry) Methodology Determination 2017
Project registration date
May 2020
Project ID
Forico 2020 ERF Plantation Projects (ERF157376)