Registering Carbon Abatement Interests in Queensland
Landowners in Queensland are able to grant rights over the carbon in part or all of their land as a carbon abatement product under the Commonwealth Government’s Carbon Farming Initiative. A carbon abatement interest provides for the exclusive legal right to the economic benefits of carbon sequestration on the land. Carbon abatement interests are capable of being registered as interests in freehold, State leasehold, unallocated State land, State forest or reserve and the legislative provisions differ for each tenure. Once registered, rights will be recognised interests in Queensland that provide for the right to carry out an eligible sequestration project for carbon abatement products on land in Queensland under the Carbon Credits (Carbon Farming Initiative) Act 2011 (Cth). The Carbon…