Latest Industry Snapshot
- 33 Indigenous-owned and operated savanna fire projects
- Enabling improved Indigenous fire management over 17.9 million ha of north Australian savanna
- Abating around 1 million tonnes a year, or 6 million tonnes of emissions since 2012*
- Generating around $90 million in carbon credits units (ACCUs) since 2012**.
- Around 8% of Australia’s total carbon credit units are produced by Indigenous carbon businesses (across all methods)
- 73% of carbon credits produced by the savanna fire emissions avoidance method are generated by Indigenous carbon businesses.
- Indigenous organisations report an increase in their capacity to care for country, culture and communities as a result of their engagement in the carbon industry.
- Provides hundreds of jobs on country for Indigenous land managers
- Generating social, cultural and environmental benefits of global significance
- Indigenous carbon credits attract a significant premium above the normal market price in recognition of these benefits.
- Today the Indigenous carbon industry is estimated to be valued at around $20 million per annum***
* 1.2 million tonnes in 17/18 year, 873,511 tonnes in 18/19 year and 983,855 tonnes in 19/20 year. Source: Clean Energy Regulator Project Register, September 2020
** Based on an estimated total average price of $14.81/tonne since 2012, which is the mean of the average Emissions Reduction Fund price ($12.19) and the highest spot price ($17.50).
*** Based on current production at current spot price $16.20/tonne plus 20% premium