New South Wales links Koala National Park creation to carbon credit sales

The New South Wales (NSW) Labor government has made the establishment of the Great Koala National Park, covering 315,000 hectares, conditional on the successful registration of a carbon project under the Improved Native Forest Management Method. This decision has sparked debate, with critics arguing against the additionality of the carbon credits, as the park was first promised in 2015 and budgeted for in 2023. The NSW government committed A$80 million in the 2023-24 state budget and a further A$60 million to support the park's creation. The Greens, despite reservations about trading carbon from existing forests, have reportedly reached a deal with Labor, allowing the carbon credit plan to proceed.

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