Money for nothing

Two months ago, Mr O’Connor became one of only 14 farmers in Australia to be issued with verified carbon credits that can be sold on international markets. In the next few weeks, he expects to sell more than 30,000 carbon offset credits, or units, generated on his historic property, Connorville, to global companies looking to offset their greenhouse gas emissions.

At the current market rate of an average $15 for every carbon offset credit sold – equivalent to one tonne of emissions saved by not logging his forests and turning them into woodchips, paper or processed timber – it is a welcome cash injection of more than $400,000 annually.

Good on him but how is that sustainable?