Queensland government has announced funding to explore QLD’s Blue Carbon potential, including mapping of Blue Carbon stocks and sequestration rates.
The proposal submitted by Deakin’s Blue Carbon Lab, aims to build QLD’s Blue Carbon future and expand carbon farming in QLD through the development of a new Blue Carbon market. To achieve this we have assembled a multi-sector R&D collaboration – comprising Academia, Project Developers, and Industry – which will examine opportunities for Blue Carbon additionality in the Great Barrier Reef catchment.
This includes doing an inventory of QLD Blue Carbon Stocks and sequestration rates, analyzing drivers of Blue Carbon sequestration in QLD catchments, creating spatial heatmaps of sites suitable for Blue Carbon additionality, and developing predictive models of Blue Carbon under different management scenarios.
This proposal will be funded under the $500 million flagship Land Restoration Fund, which supports carbon farming projects in Queensland and tackles climate change.
Project partners include the University of Queensland, James Cook University, CSIRO, GreenCollar Group, North Queensland Dry Tropics, Department of the Environment and Energy (International Blue Carbon Partnership), Qantas, HSBC, and the Great Barrier Reef Foundation.
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