Biodiversity and Carbon

Bega Biodiversity and Carbon Trading Scheme

Description

Around 75% of the Bega Valley Shire has conservation values, with significant potential for carbon and biodiversity credits. Inaddition, agricultural land has the potentialfor on-farm carbon sequestration and biodiversity projects. Building economic and market systems that can support this long term stewardship provides a foundation for investment in effective environmental sustainability. This project aims to support effective governance and administration of a Shire-wide biodiversity and carbon trading program.

Outcomes

• Local Economy – Establishment of alternative income streams for farmers, other landholders and Indigenous land management bodies. The opportunity to market local produce under a local biodiversity assurance scheme. Introduction of high skilled employment to the region resourcing the Carbon Desk.
• Productivity – Higher land and agricultural productivity through regenerative practices. Increased resilience of soils, biodiversity benefits and forest recovery.
• Regional Economies – Creates the opportunity for farmers and landholders from other regions to access the benefits of the specialised carbon desk which will include revenue opportunities, expertise and education services.
• Education & Awareness – Fast track the development, education and uptake of carbon and biodiversity projects. Contributing to moving carbon trading from a volatile and immature market to a stable and transparent market.
• Technology – Comprehensive data sets and audit mechanisms of local biodiversity and carbon banks that can link to State, Federal and international biodiversity and carbon programs.
• Carbon neutrality – Support international, national and industry emissions targets. Governance framework to support assurance, trading, monitoring and reporting for investing partners and agencies.

Benefits