Greenfleet

Greenfleet welcomes the passage of the Carbon Farming Initiative (CFI) legislation - the much anticipated program to accredit, register and trade carbon offsets from improved land management practices around Australia.

The CFI will provide the community and business with confidence in land-based carbon offsets, like Greenfleet's carbon forests, due to the rigorous standards that will underpin the programme.

We have already commenced work to prepare the Greenfleet programme for accreditation under the CFI and will now progress full steam ahead with this work.

Greenfleet CEO, Sara Gipton commented, "The passing of the CFI legislation has ended more than twelve months of uncertainty in the carbon market, since the Greenhouse Friendly^TM programme ceased in July 2010."

"We will apply for CFI approval for Greenfleet's forest sink programme as soon as possible, so we can once again demonstrate the real difference that our biodiverse, Australian native forests are making for the climate. It is important that Greenfleet offsets are recognised as a reliable, government-approved form of abatement."