How do we get to 18 million tCO2-e per year by 2030?

Australia’s forest industry has challenged itself to make an even greater contribution to Australia’s emissions reduction goal by:

      

Responsible for 13 MT CO2-e per year from 2030

Building Block 1

Responsible for 1.4 MT CO2-e per year from 2030

Building Block 2

Storing carbon in new forest plantations see new BAE economics report here 

 Replanting existing forest plantations to maximise on-going carbon storage

Responsible for 0.5 MT CO2-e per year from 2030

Building Block 3

Responsible for 0.7 MT CO2-e per year from 2030

Building Block 4

Increasing the use of wood products in the construction of new detached residential houses, multi-rise apartment and commercial buildings to offset emissions Reducing emissions from our processing and industrial facilities
by being more energy efficient and using renewable bioenergy
(both electricity and renewable heat) instead of fossil fuels

Responsible for 1 MT CO2-e per year from 2030

Building Block 5

Responsible for 1.1 MT CO2-e per year from 2030

Building Block 6

Reducing emissions in transport by replacing fossil fuels with renewable biofuels Reducing emissions by supporting the use of sustainable
biomass for cofiring in existing coal fired power stations

 

Australia’s forest product industries are proposing to remove over 18 million tonnes of CO2-e per year by 2030.

Australia’s forest industries can contribute around 23% of the current annual emissions reduction target by 2030.

23% (or over 18 million tonnes of CO2-e) equates to the annual emissions reductions from around 4,200 modern wind turbines. 

Or off-setting over 3 million cars worth of emissions running on fossil fuels for a year.*

Even more carbon storage and emissions reduction initiatives that Australia’s forest industries could capitalise on include:

  • Counting the additional carbon stored in the below-ground biomass (e.g. roots) of new plantation.
  • Increasing use of renewable bioenergy to supply heat and power in other commercial applications and primary industries directly replacing fossil fuels
  • Increasing use of renewable biofuels (including biodiesel) instead of fossil fuels
  • enhanced management of sustainable native forests to maximise the ongoing storage of carbon
  • increased production and use of bioproducts for many everyday uses, such as coffee cups, solvents in paints, medicines, cosmetics etc – to directly replace fossil fuel-based solvents and plastics.

1 Note: New plantations carbon storage figures are based on a new June 2018 report, commissioned by Forest & Wood Products Australia, by BAEconomics (Anna L. Matysek and Brian S. Fisher) titled ‘Carbon sequestration potential of plantation forestry expansion in Australia’.

Assumptions underlying the calculations

* American Wind Energy Association (AWEA) www.awea.org