You may require an Eligible Offsets Project Declaration if you intend to undertake activities to achieve:
- greenhouse gas abatement
- reduced carbon emissions.
The Carbon Farming Initiative (CFI) enables landholders that hold an Eligible Offsets Project Declaration to earn Australian Carbon Credit Units (ACCUs) for:
- reducing or avoiding emissions of methane and nitrous oxide from livestock
- reducing or avoiding emissions of methane and nitrous oxide from burning off
- reducing or avoiding emissions of methane and nitrous oxide from soil
- reducing or avoiding emissions of methane from rice fields or plants
- projects that remove carbon dioxide from the atmosphere by sequestering carbon in living biomass, dead organic matter or soil.
A single ACCU represents one tonne of carbon dioxide equivalent and can be sold to people or businesses wanting to offset their emissions.
