Landholders in Lismore and surrounding areas particularly those who have undertaken landcare plantings since 1990 are urged to find out how they can potentially secure ongoing annual income through the CarbonSMART project.Some landholders will be able to earn a regular income for up to 30 years by managing trees and vegetation.
Some estimates suggest the carbon trading market will be worth US $2.3 trillion in five years time. Landcare CarbonSMART will help stabilise farmers income by providing annual payments for carbon from eligible forests even in drought years.
Landholders can use areas as small as 0.2 hectares provided it has been planted since 1990 and meets other criteria.
A ten hectare area of trees with mixed species could yield approximately $20,000 over a 30 year period.
Landcare chief executive, Brian Scarsbrick, said the average Australian is responsible for around 14 tonnes of carbon dioxide each year.
I have no doubts that trees are a vital tool to help reduce carbon emissions because trees take in carbon dioxide through photosynthesis and store the carbon as wood, he said.
For more info call 1800 151 105 or visit www.carbonsmart.com.au.
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