Kingfisher Schedule 2 2024 ACCU-Scheme Project

Kingfisher Schedule 2 2024 ACCU-Scheme Project is a Plantation Forestry project dispersed across several parcels in northern and central Tasmania. The project locations range from inland of Burnie in the northwest to the agricultural surrounds of Launceston, and across to the Fingal Valley near the state's east coast. Registered in July 2025, the project covers a substantial area of 3,472.83 hectares.

Projects operating under the Carbon Farming Initiative-Plantation Forestry methodology generate carbon credits by establishing new plantations, transitioning land from a non-forest to a forest state, or converting existing short-rotation plantations to a longer rotation. Standard requirements dictate that the plantation must be maintained for commercial harvesting and adhere to specific management regimes, such as regular thinning and pruning, while demonstrating an overall increase in carbon stock compared to baseline scenarios. This specific project sequesters carbon by converting an existing short-rotation plantation to a long-rotation plantation, keeping carbon stored in the landscape for a significantly longer period before the timber is commercially harvested.

The northern and central Tasmanian regions host a diverse range of land uses, heavily dominated by commercial plantation and native forestry, alongside agricultural activities such as dairy farming, cropping, and livestock grazing. Environmental conditions across these dispersed sites are highly favorable for forestry; the regions typically experience moderate to high annual rainfall. The supporting soils are highly varied but frequently feature rich red basalt soils (ferrosols) in the northwest and fertile clay loams throughout the midlands, providing excellent growing conditions for timber.

Notably, the project is managed by Forico Pty Limited, which operates as Tasmania’s largest private forest management company. The official proponent is The Trust Company (Australia) Limited, acting as the Trustee for the Tasmanian Forest Operating Sub Trust. By shifting these specific plantation parcels to a long-rotation schedule, Forico not only increases the carbon drawn down into the forest biomass but also shifts the ultimate end-use of the timber from short-lifecycle products like pulpwood to long-lived engineered wood products and sawlogs, locking away carbon for decades.