The Department of Environment and Energy has released two draft savanna fire management methods for consultation:
- Carbon Credits (Carbon Farming Initiative—Savanna Fire Management—Sequestration and Emissions Avoidance) Methodology Determination 2017
(Draft Sequestration Method);
- Carbon Credits (Carbon Farming Initiative—Savanna Fire Management—Emissions Avoidance) Methodology Determination 2017
(Draft Emissions Avoidance Method).
The existing method for savanna fire management, the Carbon Credits (Carbon Farming Initiative – Emissions Abatement through Savanna Fire Management) Methodology Determination 2015, enables participants to earn ACCUs for emissions reductions resulting from fire management regimes in which prescribed burning is undertaken in the early dry season, rather than the late dry season.
The Draft Sequestration Method would allow participants to earn ACCUs for the resulting carbon sequestration as well as the emissions reductions. The sequestration is calculated by comparing the average amount of carbon stored in the coarse and heavy dead organic matter during the ‘baseline period’ (before the project was undertaken) with the average stored during the crediting period.
Projects would be subject to permanence obligations for 25 or 100 year permanence periods. A sequestration buffer would also apply to ACCUs issued for sequestration. This is a discount on ACCUs equivalent to the risk of reversal and permanence period discounts which apply to other sequestration project types (i.e. 5% for a 100 year permanence period and 25% for a 25 year permanence period).
The documents released for consultation also include a technical guidance document, which specifies a range of parameters (e.g. vegetation classification), which would apply to projects under both methods.
The Draft Emissions Avoidance Method only credits emissions reductions and would effectively replace the existing method, the main difference being that abatement calculations under the Draft Emissions Avoidance Method are aligned with the technical guidance document and Draft Sequestration Method.