³We are delighted to have Dr Christine Jones from Carbon for Life talking to farmers about the Australian Soil Carbon Accreditation Scheme,² Mr Currans said.
³Agriculture and other land management practices have a significant impact on greenhouse gases in the atmosphere, both through emitting and removing greenhouse gases from the atmosphere via carbon sequestration.
³Carbon can be sequestered on farm land in the form of soil organic carbon, litter and above ground biomass, and in trees.
³Any increase in the carbon stored on a farm is regarded as sequestered carbon.
³Under a carbon trading scheme this sequestered carbon can be sold as Carbon Credits.²
Mr Currans said NACC would measure the carbon sequestered on farmland, with the ASCAS securing Rio Tinto to buy the carbon credits produced under this project at $25 per carbon credit.
³NACC has contributed $20,000 to enable preliminary benchmarking of the carbon sequestered under different perennial land uses across the NAR,² he said.
³We are calling for expressions of interest from farmers to have their paddocks of perennial pasture included in the pilot project.
³The analysis of the data collected as part of this pilot project will provide the basis for future trading.²