Record Details

Potential greenhouse gas abatement offset estimates for twelve Emission Reduction Fund methodologies under a range of carbon prices

CSIRO RDS Repository

View Archive Info
 
 
Field Value
 
Title Potential greenhouse gas abatement offset estimates for twelve Emission Reduction Fund methodologies under a range of carbon prices
 
Creator Stephen Roxburgh
 
Subject Ecological applications not elsewhere classified
 
Description The land sector is an important part of Australia’s national emissions response, in 2020 contributing over 80% of the currently contracted abatement under the ERF, and delivering 11.0 Mt CO2-e-1 yr-1. There is therefore significant interest in understanding the future abatement potential of the land sector, beyond abatement that has already been committed. The aim of this project was to undertake data analysis and associated spatial modelling to estimate the potential future supply of offsets from land sector carbon farming within the current suite of ERF methodologies, under different carbon price scenarios. The analyses involved first calculating the ‘technically feasible’ abatement, i.e. abatement that is constrained by biological, edaphic, and climatic factors, as well as limitations imposed by the legal requirements of the methodologies. The second step involved the application of economic modelling to investigate the extent to which the technically feasible abatement may be economically viable given profitability of the current land use, project costs, and carbon price. While the analyses identified abatement that is technically and economically constrained, they excluded a range of non-economic factors that together ultimately determine market participation, such as social barriers to adoption, or technological limitations that may prevent immediate uptake. The reported abatement estimates therefore reflect economically constrained ‘theoretical’ maximum potentials, and should not be interpreted as predictions of future abatement activity in the land sector. This collection provides the summarised results from these analyses, as reported in Chapter 4 of Roxburgh et al. (2020)
 
Publisher CSIRO
 
Contributor Jacqui England
David Evans
Martin Nolan
Kimberley Opie
Keryn Paul
Andrew Reeson
Garry Cook
Dean Thomas
 
Date 2023-03-28
 
Type —
 
Format —
 
Identifier csiro:58471
 
Language —
 
Coverage —
 
Rights —