Carbon offset provider Carbon Conscious is seeking to raise $8 million through listing on the Australian Stock Exchange in order to boost its generation of offset credits for use in the upcoming emissions trading scheme. The company has entered into various strategic relationships with farmers and rural land holders in Western Australia, and aims to generate greenhouse gas emission reduction credits through planting mallee eucalypt trees, which sequester carbon emissions. “There have been various announcements by the Australian Government and their advisors that would indicate forestry is favoured for inclusion in an Australian ETS although the definitive rules are still under development,” Carbon Conscious Director Dan Stevens said. “A significant advantage associated with forestry in an Australian context is the strength of our property laws which should alleviate concerns around permanency issues that are sometimes cited,” he added.
