Carbon Credits (Carbon Farming Initiative—Plantation Forestry) Methodology Determination 2022 (Cth)

Carbon Credits (Carbon Farming Initiative—Plantation Forestry) Methodology Determination 2022

I, Angus Taylor, Minister for Industry, Energy and Emissions Reduction, make the following legislative instrument.

Dated 2 January 2022

Angus Taylor Minister for Industry, Energy and Emissions Reduction

Contents

Part 1—Preliminary 1 Name 2 Commencement 3 Authority 4 Duration 5 Definitions 6 Meaning of pre‑existing project and former determination 7 Factors and parameters from external sources Part 2—Plantation forest projects and permanent planting projects 8 Plantation forest projects and permanent planting projects Part 3—Project requirements Division 3.1—General 9 Operation of this Part Division 3.2—Information required in application 10 Information required in application Division 3.3—Eligibility requirements 11 Certain forestry managed investment schemes excluded 12 Project must include project activity on eligible land Division 3.4—Stratification 13 CEAs must be defined 14 Requirements for CEAs 15 Boundaries and mapping 16 No re-stratification unless permitted by this Division 17 Conversion of a remnant plantation B CEA to a permanent planting (environmental) CEA 18 Re-stratification following disturbance event 19 Re-stratification due to change in management regime 20 Re‑stratification to remove area that is no longer suitable for plantation growth Division 3.5—Management regimes Subdivision 3.5.1—General 21 Management actions and when they occur 22 Disturbance events and when they occur 23 Requirements for a forest management plan 24 Updating a forest management plan 25 Requirement to provide a forest management plan to the Regulator 26 The current management regime and the default management regime 27 Forest management plan for a re-stratified CEA 28 Assessing a proposed change to a management regime Subdivision 3.5.2—Conversion CEAs 29 Additional requirements for a forest management plan for a conversion CEA Subdivision 3.5.3—Continuing plantation CEAs 30 Additional requirements for a forest management plan for a continuing plantation CEA Subdivision 3.5.4—Ex-plantation CEAs 31 Restrictions on management actions in ex-plantation CEAs—general 32 Management actions in remnant plantation B CEAs 33 Additional requirements for a forest management plan for an ex-plantation CEA—general 34 Additional requirements for a forest management plan for remnant plantation B CEAs Division 3.6—Newness and additionality 35 Newness requirement Part 4—Net abatement amount Division 4.1—Preliminary 36 Operation of this Part 37 Overview of gases accounted for in abatement calculations Division 4.2—FullCAM Modelling Subdivision 4.2.1—General 38 Modelling scenarios in FullCAM 39 Modelling project scenario 40 Modelling long-term project scenario 41 Modelling baseline scenario Division 4.3—Calculations Subdivision 4.3.1—Preliminary 42 Operation of Division Subdivision 4.3.2—Baseline net carbon stock 43 Baseline carbon stock and baseline emissions in a CEA 44 Baseline net carbon stock for a project area Subdivision 4.3.3—Long-term net carbon stock 45 Predicted long-term carbon stock and project emissions in a CEA 46 Predicted long-term average net carbon stock or long-term project scenario net carbon stock for project area Subdivision 4.3.4—Net carbon stock change in a reporting period 47 Calculating net carbon stock in a CEA at the end of reporting period 48 Net carbon stock at the end of reporting period for the project area 49 Deemed net carbon stock for a project area at the end of reporting period 50 Net carbon stock change for a project area in first reporting period under this determination 51 Net carbon stock change for a project area in later reporting periods 52 Net abatement amount for a project area Subdivision 4.3.5—Calculation of the net abatement amount 53 Net abatement amount—general rule 54 Net abatement amount—where previous net abatement amount negative Part 5—Reporting, record‑keeping and monitoring requirements Division 5.1—Reporting requirements 55 Operation of this Division 56 Information required in offsets reports Division 5.2—Record‑keeping requirements 57 Operation of this Division 58 Records relating to salvage harvesting 59 Records relating to monitoring of management actions, natural disturbances and forest development condition 60 Records relating to monitoring of management activities Division 5.3—Monitoring requirements 61 Operation of this Division 62 Monitoring management actions 63 Monitoring natural disturbances 64 Monitoring forest development Part 6—Dividing a plantation forest project 65 No division of carbon estimation area Schedule 1—Establishing new plantation forests Part 1—New plantation project activity and additional eligibility requirements 1 The new plantation project activity 2 Eligible land for new plantation project activity Part 2—Additional stratification requirements 3 Additional requirements for defining new plantation CEAs Schedule 2—Converting an existing plantation forest from a short rotation to a long rotation Part 1—Conversion project activity and additional eligibility requirements 1 Definitions for this Schedule 2 The conversion project activity 3 Eligible land for conversion project activity 4 Evidence required in application 5 Requirements for thinning or pruning 6 Requirements for UR species Part 2—Additional stratification requirements 7 Additional requirements for defining conversion CEAs Part 3—Management regimes 8 The default baseline management regime (conversion CEA) Schedule 3—Avoiding conversion of a plantation to non-forested land by continuing plantation project activity Part 1—Eligibility requirements for project activity 1 The continuing plantation project activity 2 Eligible land for continuing plantation project activity 3 Plantation forest requirements 4 Non-continuation requirement 5 Native forest requirement 6 Evidence relating to non-continuation requirement Part 2—Additional stratification requirements 7 Additional requirements for defining continuing CEAs Schedule 4—Transitioning to a permanent planting Part 1—Eligibility requirements for project activity 1 The permanent planting project activity 2 Eligible land for permanent planting project activity 3 Plantation forest requirements 4 Non-continuation requirements 5 Native forest requirement 6 Evidence relating to non-continuation requirement Part 2—Additional stratification requirements 7 Additional requirements for defining ex-plantation CEAs Schedule 5—CEAs transferring unchanged from former determination 1 Application of Schedule 2 Allocation of existing CEA to continue the previous project activity 3 Effect of allocation Schedule 6—Species lists Part 1—Species presumed to have a short rotation Part 2—Species presumed to have a long rotation Part 3—Clearfell ages for plantation forest requirements