General Information

[Q22, Q25]

Own Project | Minding the Carbon Store was an Avoided Deforestation project, and provided a working example for this project type which has attracted global attention. The opportunity for the project arose because the Queensland Government announced an end to broadscale clearing of remnant vegetation to take effect at the end of 2006 and issued 500,000 hectares of clearing permits which could be exercised in the run up to the ban coming into effect. These permits were keenly sought after by Queensland landowners who could significantly increase the financial value of their land by clearing. The project paid landowners not to exercise their permits, and instead to register an agreement on their land titles protecting the vegetation for 120 years and including a land management plan. Rio Tinto Aluminium were the project sponsor and cornerstone purchaser.

Price per tonne of CO2e [Q24] Information not supplied	Project Type(s) [Q26]- Avoided deforestation
Project Location(s) [Q27, Q28]Australia | QLD	Project Size (tonnes of CO2e) [Q29]Total Greenhouse Friendly approved abatement over the first five years of the project was 1.28million tonnes CO2e. Since 20% of the abatement has been reserved for risk management the project generated a little over 1 million tonnes CO2e tradable abatement.

Quality

[Q31]- 1 Dec 2006[Q32]- These credits have an infinite life and are retired as they are used.[Q33a]- Greenhouse FriendlySee AGO GF
[Q36]- AbatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. is tracked by the Greenhouse FriendlySee AGO GF Program Administrator, who by law, must be notified of abatement sold with 20 working days.
[Q37]- We transfer the abatement into the clients name to retire at their convenience[Q38] - Evidence of registry transaction (For example, personalised account, physical copy of transaction etc.)
[Q39]- The project achieved significant biodiversity conservation and landscape benefits, including through conserving local occurrences of species with high conservation value. The project was also a pioneering piece of work in Avoided Deforestation which is being actively considered for inclusion under the Kyoto Protocol. Roughly 20% of global greenhouse gas emissions come from deforestation and forest degradation and the company is actively involved in further projects in Indonesia and elsewhere.