Supporting local sustainable forestry
Using pine plantations to sequester carbon, support local communities and build a resilient forestry industry for regional Australia.
Tasmania & Victoria States, Australia
Agriculture, Forestry and Other Land Use
Annual Projected Emissions Reductions
Since 2007, Australia’s forestry industry has seen a decline in new plantation forests, and Australia’s national plantation estate is gradually diminishing.
With the phase out of incentives from older managed forest investment schemes, rising production costs, difficult market conditions and attractive sale values, land is transitioning from carbon-sequestering plantations into to fallow or agricultural land.
With the phase out of incentives from older managed forest investment schemes, rising production costs, difficult market conditions and attractive sale values, land is transitioning from carbon-sequestering plantations into to fallow or agricultural land. Australia is losing plantation forests and subsequently a timber asset that will be much needed as the demand for sustainable housing increases.
Single species forest plantations on short rotation sequester a minimal amount of carbon and can negatively impact biodiversity and other ecosystem services when compared to more diverse mixed species and native forests. However, the forestry industry is an important employer and contributor to the local and national economies, and innovative models must be explored to ensure the industry can become more sustainable, and contribute to national community and economic outcomes in the future.
Over the next 15 years, we aim to work with eight landholders across Tasmania and Victoria, Australia, to develop forestry plantations that sequester carbon and provide jobs and sustainable timber to the local economy.
This project’s carbon finance will support the establishment of new plantations on cleared land, and convert shorter-rotation forests towards a longer harvest cycle – meaning trees are in the ground for longer, and more carbon is removed from the atmosphere than would normally occur.
Although single species plantation forests do not contribute to biodiversity outcomes as significantly as mixed species or native forests, they nevertheless contribute to important environmental, social and economic outcomes for the local region and national market.
This project will sequester 289,000 tonnes of carbon dioxide across 574 hectares of pine forest plantations over the life of the project.
This project will support ongoing enhancement of regional ecosystem services including:
- Improved below and above-ground soil health and water filtration;
- Landscape resilience and regional temperature stability; and
- Habitats and feeding grounds for birds, bats, small mammals, insects and fungi.
Community & Economic Development
This project will strengthen communities and livelihoods in south-western Victoria. These impacts include support for:
- safe and stable employment in the region, which support the longevity of local communities.
- forestry and manufacturing industries that contribute to the local economy and provide valuable timber products for the wider Australian housing market.
This project covers approximately 437 hectares of plantation forest, planted across eight privately owned landholdings in the states of Tasmania and Victoria, Australia. Although all activities take place in south-eastern Australia, in cooler, more temperate climates with higher rainfalls than the rest of the country, the geography is varied.
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