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Plantation forestry

21 July 2021

Building on the existing Emissions Reduction Fund plantation forestry method, the method will offer more opportunities for the plantation forestry industry to deliver low-cost abatement.

Diagram of the carbon capture and storage method development process.

Method development plan

Development stageStatusMilestones for the 2021 calendar year
Planning and scopingComplete
  • Ministerial method priority announced quarter 4 2020.
  • Initial method scoping and planning completed in quarter 1 2021.
Develop draft methodIn progress
  • Initial co-design workshop held quarter 1 2021.
  • Co-design process continues during quarter 2 2021.
Technical and expert consultationIn progress
  • Technical review scheduled quarters 2 and 3 2021.
ERAC considerationPending
  • ERAC consideration scheduled quarter 3 2021.
Public consultationPending
  • Public consultation scheduled quarter 3 2021.
Refinement and draft finalisationPending
  • Refinement and draft finalisation during quarter 4 2021.
ERAC approvalPending
  • ERAC review scheduled quarter 4 2021.
Minister approvalPending
  • Method finalisation by quarter 4 2021.

Issues Register

IssueResponse
Revisions to the existing plantation forestry method to ensure useability and uptake, including expanding the eligible species list, extending eligibility to restrictions plantations beyond the NPI regions and inserting an in lieu of newness provision to allow planting and other activities once a registration application has been submitted.The Clean Energy Regulator (the agency) is continuing to work with stakeholders on possible revisions to support uptake that meet the offsets integrity standards.
Developing an evidence base to identify plantations at risk of conversion to non-forest land use to ensure additionality of avoided harvest activities.The agency is continuing to work with stakeholders on evidence to identify plantations at risk of conversion to non-forest land use, which meets the offsets integrity standards.
‚ÄčManaging risks associated with the establishment of permanent forests.
‚ÄčThe agency is continuing to work with stakeholders on potential requirements to manage risks associated with the establishment of permanent forests.



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