2 July 2014 — BRIEF: The Clean Energy Regulator has issued the first Australian carbon credit units for a reforestation project to Greenfleet, a not-for-profit carbon offsetting organisation.

According to Greenfleet chief executive Wayne Wescott, the move is a significant sustainability milestone for Australia.

“This is the first reforestation project to be issued carbon credits that can be on-sold to people and businesses wishing to offset their own emissions,” Mr Westcott said.

“While Greenfleet’s focus has traditionally been on voluntary offsets, our investment in green infrastructure is generating carbon credits in the regulated market.”

Greenfleet was the first organisation in Australia to register multiple reforestation projects with the Carbon Farming Initiative and holds an Australian financial services license to offer carbon related financial products to wholesale clients.

“Registering these projects with the Clean Energy Regulator has provided greater validation of our carbon offset projects, something that has been welcomed by our partners and supporters,” Mr Westcott said.

“But the real story here is how our partners’ investment in reforestation is creating green assets and making our nation more resilient to climate change.”