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Welcome to the latest GreenCollar Newsletter

Welcome to 2018! We hope you had an enjoyable festive season and are pleased to bring you up to date with GreenCollar’s latest news.
 
It has been a busy start to the year with our field teams on the ground working hard across the country. We are developing some exciting projects in South Australia, Western Australia and Queensland while growing our long term partnerships in New South Wales.

All our projects continue to focus on enhancing productive capacity while achieving positive environmental and commercial outcomes for our landholders.
 
Significant momentum around GreenCollar’s Reef Credit Initiative means that Queensland growers, graziers and other land managers in catchment areas of the Great Barrier Reef are now one step closer to earning an income through activities that improve water quality.
Reef Credit Initiative

At the end of last year GreenCollar reached several substantial milestones on our water quality crediting project, the Reef Credit Initiative. The Reef Credit Initiative will provide landholders with the opportunity to undertake projects that improve water quality in Great Barrier Reef catchment areas and earn income from environmental improvements generated by land management changes.

Methodology development
 
The GreenCollar team has now delivered 3 priority Reef Credit Methods in readiness for landholder assessment. Landholders will earn Reef Credits and receive payment for positive environmental outcomes under these methods:

 
  1. Nitrogen Reduction
  2. Wetland Restoration
  3. Sediment Reduction
Projects will account for the reduction of nitrogen and fine sediment loss into waterways draining to the Great Barrier Reef Lagoon. In order to improve water quality and generate Reef Credits, land use and management changes will be required through cropping and grazing practice change or ecosystem repair such as gully remediation or wetland restoration.

Standard and governance
 
To ensure GreenCollar continues to meet the highest levels of integrity and provide assurance for our buyers and landholders we have produced an initial draft of the governing documents, the Reef Credit Program Guide and Reef Credit Standard. A short-term Steering Committee, made up of Terrain NRM, NQ Dry Tropics and GreenCollar, will manage the Standard and establish a broad-based governance system. A Reef Credit Governance General Manager will soon be appointed.

The first eight Reef Credit projects under the Nitrogen Reduction and Wetland Restoration methods have been assessed potentially generating around 20,000 Reef Credits for landholders in Queensland.

 
If you are situated in the Great Barrier Reef catchment and are interested in Reef Credit opportunities on your property please contact:
 
Mike Berwick +61419 022 629 mike.berwick@greencollargroup.com.au
 
See our website for more details and sign up to our Reef Credit Initiative Newsletter to stay informed.
Emissions Reduction Fund Auction

The sixth Emissions Reduction Fund auction, held from 6–7 December, successfully contracted 7.95 million tonnes of abatement through 26 carbon abatement contracts with a value of $104 million.
 
A total of $2.28 billion has now been committed under the Emissions Reduction Fund, with $265 million still available for future purchasing processes from the allocated funding.
 
The regulator has indicated that it will likely continue the auction purchasing process in 2018, so it is reasonable to expect there will be at least one more ERF auction, around April or May if the previous auction scheduling continues.
The GreenCollar Team
 
It is with great pleasure that we welcome baby Jack into the world. GreenCollar’s General Manager Dave Moore and wife Lucy’s newest member of the family born on 11 January 2018. Congratulations Dave and Lucy!
 
We are also very excited to welcome back Elissa Black from maternity leave in February. She will be joining us in a new role as our NSW Senior Stakeholder Manager. Glad to have you back on-board Lis!
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