More than 200,000 new trees for NSW national parks
NSW national parks will gain more than 200,000 trees when NSW becomes the first state to take part in the Federal Government’s carbon credit scheme, Environment Minister Mark Speakman announced today.
The NSW Government’s successful bid in the third auction of the Commonwealth Emissions Reduction Fund will see major rehabilitation works undertaken in five national parks with the plantings covering 520 hectares over five years.
“We are very proud to be the first state government to successfully bid for and participate in this innovative program,” Mr Speakman said.
“As the trees grow they remove greenhouse gases from the atmosphere, locking them away, while simultaneously improving the environmental values of the national park estate.
“Conventional environmental rehabilitation projects can be very costly so taking the opportunity to generate revenue from carbon credits is a fresh approach to environmental rehabilitation.”
The national parks involved are Gwydir Wetland State Conservation Area, Brindabella National Park, Kosciuszko National Park, Willi Willi National Park and Tinderry Nature Reserve.
The plantings will cover 520 hectares and will sequester almost 80,000 tonnes of carbon dioxide over ten years.
Federal Environment Minister Greg Hunt said he was pleased the NSW State Government had secured the funding.
“The third auction for the Emissions Reduction Fund was extremely competitive with a large number of projects submitting bids across a number of sectors and I have no doubt other states will be watching the outcomes of this pilot project closely for its potential to deliver triple bottom line benefits for their state,” Mr Hunt said.
The Office of Environment and Heritage is partnering with CO2 Australia Limited to undertake the pilot project. On-ground work is expected to commence later this year when endemic seed collection and propagation of seedlings gets underway.
Media: Stacy Farrar | 0428 085 150