In its first nature-based carbon offsets project in Australia, Chevron will provide funding to the WA-based Carbon Sync, which is leading a soil carbon sequestration pilot project involving up to 80,000 hectares of WA’s cropping and grazing region.

Carbon Sync’s Founder and CEO, Louise Edmonds, today launched the Expression of Interest process for Soil Carbon Farming in Western Australia.

Carbon Sync, a Western Australian soil carbon project developer, has been funded to roll out a six-year Soil Carbon Farming Pilot Project. The Carbon Sync team is actively speaking with farmers and landholders who are considering soil carbon farming on their land.

Carbon Sync’s Founder and CEO, Louise Edmonds, welcomes the results of a recent study published by S&P Global Commodity Insights, highlighting robust demand for premium-priced Australian Carbon Credit Units (ACCUs). The premium prices are being received by carbon project proponents who are offering late-vintage ACCUs with verified environmental and social co-benefits.

Today the Western Australian Government announced that Round Two applications are open for the $15m Carbon Farming and Land Restoration Program.

According to the Agriculture and Food Department, “The State Government’s $15 million CarbonFarming and Land Restoration Program (CF-LRP) aims to realize agriculture’s potential to sequester carbon in the landscape and contribute to growing the WA carbon market.