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AFC has developed an interactive carbon calculator that will provide a ready reckoner for interested forest managers and land owners. Similar to a real estate ready reckoner, the calculator enables easy estimation of carbon credit revenue potential.
The web site provides a simple data entry screen which interfaces with a carbon sequestration calculator and stored databases. The enquirer will be able to view a graphic estimation of carbon sequestration over time, wood production over time, and revenue estimates for both carbon credits and timber,
DOWNLOAD AFC ACCREDITATION PDF
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| The NSW Greenhouse Gas Abatement Scheme
The NSW state government has taken the opposite view to the federal government, and has implemented an industry wide greenhouse emissions penalty for the electricity production sector sfollowing difficulty in achieving voluntary reductions. This scheme sets a price of $11 on CO2 excess emissions and combines market force as well as regulation to control the transfer of compliance costs to consumer groups.
The legal framework for the scheme is created by the Electricity Supply Amendment (Greenhouse Gas Emission Reduction) Act 2002 and the Electricity Supply (General) Amendment (Greenhouse Gas Emission Reduction) Regulation 2002. This legislation empowers the Department of Energy, Utilities and Sustainability (DEUS) to create the methodology for the running of the scheme and to appoint an administrator for the scheme.
Accordingly, DEUS has appointed the Independent Pricing and Regulatory Tribunal (IPART) as the scheme administrator, and has made five rulings, including the Greenhouse Gas Benchmark Rule (Carbon Sequestration) No. 5 of 2003 (‘The Carbon Sequestration Rule’) in order to implement the scheme.
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