In a piece reported by Econews today, China is laying the groundwork for their Carbon Market. Wow, this blows a complete hole in the 'rest of the world is doing nothing' argument! China is the rest of the world! Well, practically anyway! 

If you go to the article you will see some very similar words to the ones being used for our market: “The GHG emission reductions shall come from specific projects and be real, measurable, and additional.”

This is the language used to give buyers confidence they are getting what they are paying for! Given that we are ALL doing this to achieve overall reductions in GHG, so we have a planet to hand over to our grandkids, it is important that the world does maintain very strict rules and regulations. It's a pain when you are trying to make these 'methodologies' embedded in the Carbon Farming Initiative Process work, but necessary. 

For instance, I was talking to a Canadian aggregator yesterday. He aggregates (brings together) pools of soil carbon credits. And sells them - he's about to put a multi million dollar deal together. However, he says the Canadian Government has NOT insisted on the highest integrity in soil carbon, and as a result he believes the floor will drop out of that market. He welcomes Australia's approach.

He will be our International Speaker at this years Carbon Farming Conference and Expo, so you will be able to hear all about it.