The Emissions Reduction Fund (ERF) will use an improved method to credit eligible projects that store additional carbon in trees.
The Australian Government introduced the method following public consultation.
It will replace the current plantation forestry method. Existing projects will be able to transfer to the new method.
The new method aims to increase opportunities for plantation forestry projects by providing greater flexibility.
It adds 2 new project activities to retain forest on land that would have otherwise converted to non-forest land use:
- continuing plantation activities
- transitioning a plantation to a permanent (not-for-harvest) forest.
The new plantation forestry method is one of 5 priority methods developed in 2021 under the ERF.
Find out more about the method.