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Added: Lauraann Nez - Date: 19.02.2022 03:44 - Views: 31539 - Clicks: 7364

Environmental action group Greening Australia is aiming to expand dramatically its portfolio of regenerated countryside over the next nine years as it looks meet rising demand for carbon offsets from major corporations seeking to achieve zero net emissions targets.

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Currently managing a portfolio of just hectares, by Greening Australia aims to grow that tohectares — an area on which it can plant million native trees. A hectare tree-planting project in Sukey Hill, WA, that Greening Australia is carrying out for Woodside as part of a hectare commitment. Our business case is not about taking out productive, agricultural land. Brendan Foran, left, seen here talking to a cattle station owner, hopes to grow Greening Australia exponentially.

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As it looks to turbo charge its Ugly seeks — Greening Australia added 45 staff during the pandemic last year — the organisation has appointed rural specialists at CBRE as its real estate partner. Through its network of clients, the real estate firm will seek to identify degraded land on which Greening Australia can plant native trees to meet its ambitious growth objectives.

This will be done through acquisitions, leases or in partnership with landowners. Landowners will be able to derive a financial benefit from degraded farmland and improve the environment, Mr Melville said. According to the Australian Clean Energy Regulator, the carbon offset marketplace represented a demand of around 53 million tonnes of carbon abatements inwith circa 16 million Australian carbon credits ACCUs issued and contracted.

Carbon emissions are expected to grow 17 per cent to 57 million tonnes in and ACCUs issued increasing by 8 per cent to 17 million. Property Commercial Rural property Print article. Larry Schlesinger Reporter. May 23, — 3.

Save Log in or Subscribe to save article. Leading property coverage delivered to your inbox up to our new weekly Inside Property newsletter. Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne Ugly seeks.

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