{"id":8389,"date":"2023-09-22T04:22:58","date_gmt":"2023-09-22T04:22:58","guid":{"rendered":"https:\/\/terrain.org.au\/threatened-species-symposium-copy\/"},"modified":"2023-10-03T03:54:30","modified_gmt":"2023-10-03T03:54:30","slug":"cassowary-credits-field-testing","status":"publish","type":"post","link":"https:\/\/terrain.org.au\/cassowary-credits-field-testing\/","title":{"rendered":"Cassowary Credits Scheme Field Testing"},"content":{"rendered":"[mk_page_section bg_image=”https:\/\/terrain.org.au\/wp-content\/uploads\/2022\/11\/greenconnectionsslide.jpg” bg_position=”center center” bg_repeat=”no-repeat” bg_stretch=”true” enable_3d=”true” min_height=”500″ js_vertical_centered=”true” padding_top=”” padding_bottom=”” section_id=”donate” el_class=”donate-1″ sidebar=”sidebar-1″][vc_column][vc_empty_space height=”70px”][mk_fancy_title font_family=”none” align=”center”]FIELD TESTING BEGINS FOR CASSOWARY CREDITS[\/mk_fancy_title][mk_padding_divider size=”67″][\/vc_column][\/mk_page_section][mk_page_section section_id=”great-1″ sidebar=”sidebar-1″][vc_column width=”1\/2″ css=”.vc_custom_1563789112768{padding-right: 36px !important;padding-left: 0px !important;}” el_class=”great_header_left”][mk_padding_divider size=”100″ visibility=”hidden-nb”][mk_padding_divider size=”15″ visibility=”visible-sm”][mk_padding_divider visibility=”visible-tl”][mk_fancy_title size=”28″ letter_spacing=”4″ margin_bottom=”0″ font_family=”none” el_class=”terrain-title-2″]FIELD TESTING BEGINS FOR CASSOWARY CREDITS[\/mk_fancy_title][mk_padding_divider size=”60″ visibility=”hidden-nb”][mk_padding_divider size=”20″ visibility=”visible-nb”][vc_column_text el_class=”sub-head” css=”.vc_custom_1695356685024{margin-bottom: 0px !important;}”]22 SEPTEMBER 2023[\/vc_column_text][mk_padding_divider size=”5″][vc_column_text css=”.vc_custom_1695358065623{margin-bottom: 0px !important;}”]The Cassowary Credit Scheme has reached a new phase in its development, with field testing at more than 30 revegetation sites now happening across the Wet Tropics region.<\/p>\n

New funders on board<\/strong><\/p>\n

Terrain NRM\u2019s Bronwyn Robertson said new co-funding from the Queensland Department of Environment and Science and the World Wide Fund for Nature-Australia was welcomed as the biodiversity market scheme progressed to an on-ground testing stage.<\/p>\n

Designed by Terrain NRM, the scheme will enable Far North Queensland land managers to generate tradable units of habitat restoration, known as a \u2018Cassowary Credits\u2019, which will be sold on environmental markets to investors ranging from philanthropists to governments and corporates.<\/p>\n

Ms Robertson said Cassowary Credits focused on restoration of Far North Queensland tropical rainforest habitat. She said up to 50,000 hectares of land had potential to be part of the scheme.<\/p>\n

\u201cThis is land that\u2019s considered unsuitable for agriculture based on soil type, slope or closeness to watercourses,\u2019\u2019 she said.<\/p>\n

Team work to design new ecosystems services market scheme<\/strong><\/p>\n

Terrain NRM has been working with private industry, government, scientists, indigenous groups and wildlife experts to design and develop the new ecosystem services market scheme.<\/p>\n

Ms Robertson said the new funding would also be used to build regional capacity for larger scale restoration projects and to incorporate Accounting for Nature methodology into the scheme to widen its scope to include carbon projects with environmental co-benefits.[\/vc_column_text][\/vc_column][vc_column width=”1\/2″ css=”.vc_custom_1563789122720{padding-right: 0px !important;padding-left: 34px !important;}” el_class=”great_header_right”][mk_padding_divider size=”206″ visibility=”hidden-sm”][mk_padding_divider size=”50″ visibility=”hidden-sm”][mk_padding_divider size=”50″ visibility=”hidden-sm”][mk_padding_divider size=”5″][vc_column_text css=”.vc_custom_1695358165151{margin-bottom: 0px !important;}”]\"\"<\/p>\n

Huge potential for biodiversity credit markets<\/strong><\/p>\n

\u201cOur hard work is already paying off with the Cassowary Credit Scheme recently being discussed informally at the United Nations Biodiversity Conference, COP15, in Montreal, and during the Financing for Nature initiative launched by the World Economic Forum.<\/p>\n

\u201cThrough this work, Terrain and the Queensland Government are helping to lead the way in Australia\u2019s emerging biodiversity credit markets.<\/p>\n

\u201cBiodiversity credit markets are in their early stages. There is huge potential \u2013 for landholders, for companies and other businesses to drive nature repair, and for greater investment in habitat restoration across the Wet Tropics region.\u201d<\/p>\n

The Cassowary Credit Scheme\u2019s development was originally funded by the Queensland Government\u2019s Land Restoration Fund.[\/vc_column_text][\/vc_column][\/mk_page_section][mk_page_section el_class=”grean-btn-sec” sidebar=”sidebar-1″][vc_column][mk_padding_divider size=”47″ visibility=”hidden-sm”][mk_button dimension=”outline” url=”https:\/\/terrain.org.au\/what-we-do\/waterway-health\/murray-and-mossman\/” align=”right” el_class=”green-btn” outline_skin=”custom” outline_active_color=”#175137″ outline_active_text_color=”#ffffff” outline_hover_bg_color=”#175137″ outline_hover_color=”#ffffff”]Read More[\/mk_button][mk_padding_divider size=”100″ visibility=”hidden-sm”][\/vc_column][\/mk_page_section][mk_page_section section_id=”great-1-blog” sidebar=”sidebar-1″][vc_column][mk_padding_divider size=”105″ visibility=”hidden-sm”][mk_fancy_title size=”28″ letter_spacing=”4″ margin_bottom=”0″ font_family=”none” align=”right” el_class=”terrain-title”]RELATED NEWS[\/mk_fancy_title][mk_padding_divider visibility=”hidden-sm”][\/vc_column][\/mk_page_section][vc_row fullwidth=”true” fullwidth_content=”false” id=”post_grid_filter_1″][vc_column][vc_column_text el_class=”grid_greate_3″ css=”.vc_custom_1598408950187{margin-bottom: 0px !important;}”]\n

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