NSW Forestry Reform: Integrating Carbon Credits and Biodiversity Markets
nambuccavalley.newsofthearea.com.auThe New South Wales government is developing a Forestry Industry Action Plan to manage the transition of state forests into protected areas, including the Great Koala National Park. This reform aims to balance timber supply needs for housing and construction with the preservation of threatened species and cultural values. A key component of the plan is the exploration of the Australian Carbon Credit Unit Scheme. The government is looking at how carbon and biodiversity markets can provide new revenue streams for the state while mitigating climate change risks and reducing greenhouse gas emissions from forest land use.
