Table 9.2 provides some indicative costs for plantation-based sequestration projects, including start-up costs and the ongoing costs of maintaining the project.
Table 9.2: Indicative costs for native tree planting projects |
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|
|
Cost element |
Range from case studies |
CIE/de Fegely farm forestry model a |
|
|
|
Start-up fixed costs ($) |
|
|
|
|
|
Start-up, accreditation and registration |
3000 |
not applicable |
|
|
|
Legal advice |
2000 |
not applicable |
|
|
|
Initial verification report |
1500 |
not applicable |
|
|
|
Project start-up variable costs ($/ha) |
|
|
|
|
|
Establishing tree lots |
800 to 3000 |
1545 |
|
|
|
Ongoing fixed costs ($/yr) |
|
|
|
|
|
Reporting and auditing |
800 to 1000 |
not applicable |
|
|
|
Ongoing variable costs ($/ha/yr) |
|
|
|
|
|
Weed control, other |
5 to 67 |
60 |
|
a. Refers to the model developed for Forest and Wood Products Australia. See White et al., cited below.
Source: Department of Agriculture case studies; White L et al. (2013), Policy options and strategies for renewed plantation investment: Stage 2 report, Forest and Wood Products Australia
