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Australia to cap soil carbon credits amid integrity concerns

Created at 29 Jul · 1:06 PM1 source↑ Market-relevant
IN SHORT

Australia will cap soil carbon crediting under its methodology due to risks of over-crediting, the Department of Climate Change, Energy, the Environment and Water announced. The Emissions Reduction Assurance Committee recommended mitigation strategies after finding some projects reported accumulation rates exceeding scientific literature.

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Key Numbers

3 t/yrannual soil organic carbon crediting cap per hectare
3.8 t/yrannual cap for 100-year permanence projects
25-yearpermanence period for standard projects
100-yearpermanence period for higher cap projects
7projects with 100-year permanence
823projects registered under the method
1-5 yearssampling frequency for projects
75 t/hatotal credited abatement for 25-year projects
95 t/hatotal credited abatement for 100-year projects
18 Augustfeedback deadline for consultation
1mnhectares of Australian farmland covered by industry
11ACCUs equivalent to the proposed 3 t/yr cap
650soil carbon projects registered by Agriprove
25pcAgriprove's share of ACCU scheme projects
2,600currently valid projects in ACCU scheme

Who's Involved

Department of Climate Change, Energy, the Environment and Water
Australian government department announcing soil carbon crediting limits
Emissions Reduction Assurance Committee
Statutory body recommending risk mitigation for soil carbon method
Clean Energy Regulator
Provider of data on registered soil carbon projects
Soil Carbon Industry Group
Industry organisation welcoming the review and consultation
Carbon Market Institute
Industry organisation welcoming the review and consultation
Agriprove
Project developer noting existing projects are unaffected

↳ Why This Matters

These changes aim to ensure the integrity of Australia's soil carbon crediting system and prevent over-crediting, which could impact the credibility of carbon offset projects and the overall emissions reduction targets. The caps may affect the profitability and development of new soil carbon projects.

Key facts

  • Australia plans to cap soil carbon crediting due to over-crediting risks.
  • The Emissions Reduction Assurance Committee recommended an "immediate risk mitigation strategy".
  • Credited abatement will be capped at 3 t/yr per hectare for projects with a 25-year permanence period.
  • Projects with 100-year permanence periods will face a higher cap of 3.8 t/yr per hectare.
  • The government is consulting on improving sampling and stratification protocols.

The Australian government intends to impose limits on soil carbon crediting under its methodology, citing concerns about potential over-crediting identified in a recent review. The Department of Climate Change, Energy, the Environment and Water (DCCEEW) announced the proposed changes following a recommendation from the Emissions Reduction Assurance Committee (Erac).

Erac, responsible for the integrity of Australia's carbon crediting framework, advised an "immediate risk mitigation strategy" for the Soil Organic Carbon 2021 method. The committee found that some existing projects reported soil organic carbon accumulation rates higher than those supported by peer-reviewed scientific literature.

Under the proposed changes, credited abatement would be capped. For projects with a 25-year permanence period, the cap would be equivalent to 3 tonnes of soil organic carbon per hectare per year, after accounting for permanence and risk of reversal discounts. Projects with a 100-year permanence period, which are not subject to a 20% permanence discount, would face a higher cap of 3.8 tonnes per hectare per year. Currently, only seven of the 823 registered projects under this method have a 100-year permanence period, according to Clean Energy Regulator data.

Project developers earn Australian Carbon Credit Units (ACCUs) by increasing soil carbon stocks through various farming activities. They can use either a measurement-only approach or a hybrid method combining soil modelling with soil sampling. Sampling rounds are required every one to five years during the 25-year crediting period.

The proposed caps are cumulative, meaning faster carbon storage rates would not be lost if subsequent sampling confirms sustained levels. Total credited abatement would be 75 t/ha for 25-year projects and 95 t/ha for 100-year projects.

In addition to the crediting caps, the DCCEEW is seeking feedback on options to enhance sampling and stratification protocols to improve measurement reliability and representativeness. Feedback is due by August 18.

Industry groups, including the Soil Carbon Industry Group (SCIG) and the Carbon Market Institute (CMI), welcomed the review and the public consultation. SCIG described the review as setting out a practical path for improving the method and supporting its development across over 1 million hectares of Australian farmland. They also noted the proposed 3 t/yr per hectare cap, equivalent to about 11 ACCUs, as pragmatic.

Project developer Agriprove stated that existing projects and already issued ACCUs are unaffected, and new project registrations remain available. Agriprove manages over 650 soil carbon projects, representing 25% of all valid projects in the ACCU scheme.

Frequently asked questions

A periodic review found potential risks of over-crediting, with some projects reporting soil organic carbon accumulation rates above levels supported by scientific literature.

The proposed cap is 3 tonnes of soil organic carbon per hectare per year for projects with a 25-year permanence period, and 3.8 tonnes per hectare per year for projects with a 100-year permanence period.

No, existing projects continue, ACCUs already issued are unaffected, and new project registrations remain available.

Erac is the statutory body responsible for ensuring the integrity of Australia's carbon crediting framework and recommended the risk mitigation strategy.

What Happens Next

01Feedback on proposed sampling and stratification protocol improvements is due by August 18.
02The government will finalize changes to the soil carbon crediting methodology.

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How It Developed

Australia's government plans to limit soil carbon crediting.
A review found potential over-crediting risks in the Soil Organic Carbon 2021 method.
Credited abatement will be capped at 3 t/yr per hectare for 25-year projects.
Projects with 100-year permanence periods face a higher cap of 3.8 t/yr per hectare.
Consultation is underway to improve sampling and stratification protocols.
Industry groups welcomed the review and consultation process.

Sources

T1
Australia to cap soil carbon crediting due to integrityArgus Media

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