The first step to profiting from a Soil Carbon project is registering your project with the CER. Then you will need to ensure you follow one of the methodologies and management practices approved by the CER and apply it to increase soil carbon from your baseline measurements.
Carbon levels will be measured in 3-5 years to check for increased carbon stored in your soil. If an audit confirms you have utilised the correct procedures, you will be eligible for payment for the carbon you have sequestered minus deductions.
One tonne of Soil Organic Carbon is equivalent to 3.67 tonnes of CO2. The Federal Government deducts a proportion of the ACCUs, depending on the permanence period and any relevant discounts. Once you are issued your ACCUs you are free to hold them, retire them (use them to offset your own emissions) or sell them. They are held in an account within the Australian National Registry of Emissions Units (ANREU), which ensures accurate accounting of the issue, trading and other transactions of ACCUs.
If you are interested in understanding more about Soil Carbon Projects, we recommend talking with the team at our sister company, CarbonLink™.