General Information

[Q22, Q25]

Own Project | TreeSmart sources carbon sequestered in tree farms from around Australia. The above project is just one of these projects. This tree farm is located in Thornton, Victoria, and was established in 2006. The plantation is approximately 25 hectares, on a land parcel of approximately 40 hectares. The remainder of the land is used by remnant trees, revegetation along a creekline, access roads and boundary setbacks. The tree farm was established for carbon sequestration purposes, and also for the production of sawlogs and bioenergy after a rotation length of 20-25 years. Five species of eucalypt and acacia have been established on the site.

Price per tonne of CO2e [Q24] AU$12

Project Location(s) [Q27, Q28]Australia | VIC

Project Size (tonnes of CO2e) [Q29] It is expected that over the course of the 20 year rotation, a total of approximately 10,000 tonnes of CO2-eCarbon dioxide equivalent. In order to compare emissions between the six Kyoto Protocol greenhouse gases they have been assigned a global warming potential (GWP) measured in carbon dioxide equivalents to reflect their influence on warming the atmosphere. GWP is a relative scale, where CO2 = 1. The other gases are given a number based on their effect on the atmosphere relative to CO2. For example, methane has a GWP of 21, meaning it has 21 times the amount of heating capacity of CO2. will be sequestered in the living trees.

Quality

[Q31]- 1 Oct 2006[Q32]- Following harvesting, it is expected that approximately 70% of this sequestered carbon will be maintained for the long term (100 years), either in the Harvested Wood Products or in fossil fuels that have remained unused as a result of using the harvest residue to product bioenergy. [Q33a]- Non-accredited forestry offsets
[Q35]

- Tree Smart are currently undertaking an accreditation with URS Forestry to NGACNew South Wales Greenhouse Gas Abatement CertificateNew South Wales Greenhouse Gas Abatement Certificate is a tradeable commodity used in the NSW GGAS. One NGAC represents the abatement of one tonne of CO2e associated with the consumption of electricity in NSW. NGACs are transferable certificates that may only be created by accredited abatement certificate providers. is a tradeable commodity used in the NSW GGASNew South Wales Greenhouse Gas Abatement Scheme commenced on 1 January 2003 and targets are set until 2012. It is one of the first mandatory greenhouse gas emissions trading schemes in the world. GGAS aims to reduce greenhouse gas emissions associated with the production and use of electricity. For more information see here. . One NGAC represents the abatement of one tonne of CO2eCarbon dioxide equivalent. In order to compare emissions between the six Kyoto Protocol greenhouse gases they have been assigned a global warming potential (GWP) measured in carbon dioxide equivalents to reflect their influence on warming the atmosphere. GWP is a relative scale, where CO2 = 1. The other gases are given a number based on their effect on the atmosphere relative to CO2. For example, methane has a GWP of 21, meaning it has 21 times the amount of heating capacity of CO2. associated with the consumption of electricity in NSW. NGACs are transferable certificates that may only be created by accredited abatement certificate providers. standards. When that is finished, we will then proceed to GHF standards, especially after the GHF rules have been updated in line with the forthcoming ETSAn ETS is an organised system of emissions tradingUsually means an ETS. In relation to the Kyoto Protocol, Annex I countries can trade emissions reduction credits in order to comply with their Kyoto-assigned targets. (See also ETS.) that can be applied within businesses, states, countries and also internationally. Through an ETS an organisation is allocated an allowance for the amount of greenhouse gasesGreenhouse Gases in the earth's atmosphere absorb and re-emit infrared radiation. The Kyoto Protocol lists six major greenhouse gases, which vary in their relative warming effect. The six gases are: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), HFCs (hydrofluorocarbons), PFCs (perfluorocarbons) and sulphur hexafluoride (SF6). it is permitted to produce. These systems allow those who reduce emissions beyond their obligations to sell their excess emission capacity to others within the ETS who are unable to meet their own emission reduction targets. There are two broad types of emissions trading schemes, cap and tradeA term used to describe an emissions trading system, where total emissions are limited or 'capped'. Permits are issued up to that cap, and a market allows those participants emitting less than the quota to sell their excess permits to emitters needing to buy extra permits to meet their quota. and baseline and credit. rules. Meanwhile, the operations of TreeSmart will be audited by the accounting firm of Prowse, Perrin & Twomey. Unfortunately, the introduction of the CPRSAustralia's cap and trade scheme which will come in to effect in 2010. The CPRS will place a limit, or cap, on the amount of carbon pollution industry can emit and allow trading of carbon credits. It will concentrate on the biggest polluters, by placing obligations on around 1000 Australian companies in total. However it will effect all Australians through indirect price increases. (and the associated delays) have delayed the completion of any form of accreditation.

[Q36]

- No

[Q37]- Technically, abatement created from this project before March 2008 remains additional to Australia’s Kyoto commitments (Australia ratified the Kyoto Protocol on November 2007 and the agreement took effect at this time).[Q38]- Offset is only sold as verified emission reductions (retrospectively accrued)[Q39]- Internal registry
[Q40]- We retire them concurrently at the time of purchase on behalf of the customer[Q41]- Tax Receipt
[Q42]- The reforestation of this land parcel, and the income derived from carbon offsets, sawlogs and bioenergy, enables the revegetation and protection of the creekline, with the associated biodiversity benefits. There are also economic benefits for the local rural community, from the creation of employment in the establishment, maintenance and eventual harvesting and replanting of the plantation. This particular project has no salinity or shelterbelt co-benefits, but other plantations registered with TreeSmart do deliver such benefits to the farm forester involved. They also provide a valuable alternative source of income to enable that farmer to stay on the land.