Australia’s biggest carbon credit generating method to expire in September

摘要

The Human-Induced Regeneration method, the biggest generator of carbon credits in Australia, will expire in September 2023, the Clean Energy Regulator said June 2. There will be no new project registration under the HIR method after Sept. 30, with project developers advised to submit new applications by July 2, the regulator said. HIR projects involve storing carbon by regenerating permanent native forests on a property where vegetation has been suppressed by activities such as unmanaged livestock grazing, feral animal activity, and chemical destruction of regrowth.