Before you can conduct a Carbon Farming Initiative project, you need to become a recognised offsets entity. A person who is granted recognition as an offsets entity has been assessed as a fit and proper person. This assessment is a requirement of the Carbon Credits (Carbon Farming Initiative) Act 2011 and is one of the safeguards designed to prevent non-compliance, deceptive or unfair conduct and fraud.
Participation is open to individuals, sole traders, businesses, local, state and territory government bodies and trusts.
Becoming a recognised offset entity does not guarantee a return on your investment.
At the same time as becoming a recognised offsets entity, you can open an account in the Australian National Registry of Emissions Units (ANREU), which will allow you to sell any Australian carbon credit units you may earn from your project. Applying for an ANREU account is like opening a bank account.
For more information