DAC-2015-20 (Revoked)

DAC-2015-20 (Revoked) was a native forest regeneration project located approximately 30km southeast of Charleville in the Murweh Shire of Queensland. Registered in September 2015 by Devine Agribusiness Carbon Pty Ltd, the project covered an area of 2,520 hectares on land traditionally used for grazing sheep and cattle. The project operated for nearly six years before being voluntarily revoked in August 2021.

The project utilized the Native Forest from Managed Regrowth (NFMR) methodology. This method is designed for pastoral land where native vegetation has been previously cleared. To generate carbon credits, landholders must cease mechanical or chemical clearing activities, effectively allowing the landscape to regenerate into native forest. In this region, this typically involves managing the regrowth of Mulga (Acacia aneura) woodlands, often by excluding livestock or managing grazing pressure to protect young trees.

Environmentally, the Charleville region is characterized by a semi-arid, sub-tropical climate with an average annual rainfall of approximately 500mm, which falls predominantly in the summer months. The soils in the project area are likely Kandosols, red and yellow massive earths that are low in fertility but well-suited to supporting the native Mulga vegetation common to the Mulga Lands bioregion.

A notable aspect of this project's history is the timing of its revocation. The project was revoked under Section 30 of the CFI Rule (voluntary revocation) on August 5, 2021. This occurred just one month after GreenCollar, Australia's largest environmental markets investor, announced its acquisition of Devine Agribusiness Carbon in July 2021. It is common for projects to be restructured or consolidated following such corporate acquisitions.