Table 9.2 provides some indicative costs for plantation-based sequestration projects, including start-up costs and the ongoing costs of maintaining the project.
Table 9.2: Indicative costs for native tree planting projects |
||||
|
|
Cost element |
Range from case studies |
CIE/de Fegely farm forestry model a |
|
|
|
Start-up fixed costs ($) |
|
|
|
|
|
Start-up, accreditation and registration |
3000 |
not applicable |
|
|
|
Legal advice |
2000 |
not applicable |
|
|
|
Initial verification report |
1500 |
not applicable |
|
|
|
Project start-up variable costs ($/ha) |
|
|
|
|
|
Establishing tree lots |
800 to 3000 |
1545 |
|
|
|
Ongoing fixed costs ($/yr) |
|
|
|
|
|
Reporting and auditing |
800 to 1000 |
not applicable |
|
|
|
Ongoing variable costs ($/ha/yr) |
|
|
|
|
|
Weed control, other |
5 to 67 |
60 |
|
a. Refers to the model developed for Forest and Wood Products Australia. See White et al., cited below.
Source: Department of Agriculture case studies; White L et al. (2013), Policy options and strategies for renewed plantation investment: Stage 2 report, Forest and Wood Products Australia
Explore the full Workshop Manual: The business case for carbon farming: improving your farm’s sustainability (January 2021)
Read the report
RESEARCH REPORTS
1. Introduction: background to the business case
This chapter lays out the basic background and groundwork of the manual
RESEARCH REPORTS
1.2 Being clear about the reasons for participating
Introduction: background to the business case
RESEARCH REPORTS
1.4 Working through the business case for carbon farming
Introduction: background to the business case
RESEARCH REPORTS
1.5 Factors determining project economics
Introduction: background to the business case
RESEARCH REPORTS
1.8 Important features of the business case
Introduction: background to the business case
RESEARCH REPORTS
2. How carbon is farmed under the ERF
This chapter considers in detail the activities that constitute carbon farming
RESEARCH REPORTS
2.5 Carbon farming under the Emissions Reduction Fund
How carbon is farmed under the ERF
RESEARCH REPORTS
3. The policy context and the price of ACCUs
This chapter takes a broad look at the policy context for carbon farming
