The Tasmanian Government is investigating how much the state could earn from storing carbon in its native forests.
The survey will help determine the value of protecting forests which can earn carbon credits. (Photography: Rob Blakers: Supplied)
The Climate Change Minister says consultants CO-2 Australia will provide the first accurate snapshot of the amount of carbon stored in Tasmania’s private and public forests.
Cassy O’Connor says it will help determine the value of protecting forests which can earn carbon credits.
Resources Minister Bryan Green sees it as an opportunity to diversify the revenue stream from public forests, but not to the detriment of the traditional forest industry.
It is still unclear which forests will be protected under the $276 million forest peace deal.
The group charged with identifying which forests to protect has failed to complete its draft report due today.
A spokesman for Mr Green says a new deadline has not been set.
Source: ABC News