Hot on the heels of the savanna sale comes the first credits issued for a forestry project!
The Newmont Australia Reforestation Project in NSW and WA was issued credits by the Clean Energy Regulator on 3 June 2013. Note that projects can span across different areas in different states.
The Newmont project uses the Reforestation and Afforestation Methodology which calculates the amount of carbon credits by directly measuring trees in sample plots, rather than through the online CFI Reforestation Modelling Tool.
The projects that have the best chance on Aboriginal land are savanna and sequestration (or carbon storage) projects such as rangelands (less cattle, more management), enrichment (bush foods and sequestration) and forestry. The credits from savanna and forestry this week show it is happening.