New partnership connects ICIN members with latest market insights

The Indigenous Carbon Industry Network (ICIN) is pleased to announce a new partnership with CORE Markets to provide ICIN members access to timely carbon market insights.  

“This new partnership connects ICIN members with the latest carbon market information, supporting Indigenous owners of carbon projects to improve their understanding of the complex market for Australian Carbon Credit Units,” said Anna Boustead, CEO of ICIN. 

As part of the partnership, CORE Markets will provide ICIN member organisations with regular carbon market insights and information through quarterly workshops, with the first quarterly workshop held on 23 April. 

Current trends observed by CORE Markets and members include: 

• Optimism for the two new savanna fire management methods recently approved by the Australian Government 

• The slowing down of the voluntary market, and the ramping up of the compliance market under the revised Safeguard Mechanism, including potential implications of the upcoming scheme review expected later this year.  

• The increasing value of Indigenous-owned carbon credits on the market.  

“The Indigenous carbon industry continues to grow, with 43 Indigenous-owned and operated carbon projects across multiple methodologies. Savanna Fire Management, however, is where we are seeing the strongest Indigenous leadership in carbon, with further growth expected,” said Ms Boustead.  

Savanna Fire Management projects have abated around one million tonnes of emissions a year on average, or 12 million tonnes of emissions since 2012. The CSIRO estimates that the two new savanna fire management carbon methods that have just been approved could abate around 180 million tonnes of additional emissions over the next 25 years.  

“With these new methods, the Indigenous carbon industry is about to enter a growth period. Now more than ever, it’s important for our members have access to the latest carbon market insights and key trends, to make informed decisions,” said Ms Boustead. 

“Buyers are willing to pay more for Indigenous carbon credits, as these projects drive economic self-determination, generate jobs in often remote areas, bring Traditional Owners back on Country and support the handing down of traditional knowledge,” concluded Ms Boustead.  

CORE Markets is an advisory, market transactions and technology firm operating across carbon, energy and environmental markets. 

Further information: [email protected]