Livestock has the potential to go from carbon emitter to carbon sequesterer
FARRER, AU, Nov. 19, 2021 — The Mullion Group, creators of carbon tracking software system FLINTpro, joins The Rangelands Carbon Project led by the Australian Agricultural Company (AACo) and Food Agility Cooperative Research Centre (CRC) to help rangeland farmers measure, manage and trade carbon.
The $6.5 million, three-year project collaboration was announced today as a cornerstone initiative in AACo’s Sustainability Framework. The project also includes Cibo Labs, FLINTpro (Mullion Group), Carbon Link, University of Technology Sydney, Federation University, and Charles Sturt University.
The global carbon market is currently valued at AU $369 billion and Australian Carbon Credit Units are tipped to jump from $20 a year ago to $50 by 2030.
The Mullion Group’s FLINTpro software system will create a tool to accurately and affordably measure soil carbon in Australian rangelands, which make up 75% of the country’s landmass.
The new tool will be driven by data models that use biomass and vegetation measured via satellite imagery, as proxies for soil carbon. The team will also measure the change in soil carbon over time and advise the industry on the highest potential carbon management and sequestration opportunities.
According to Food Agility CRC CEO Richard Norton, the data-driven initiative would help the red meat industry and the nation meet net-zero emissions commitments by 2030 and 2050 respectively.
“Working with Australia’s largest landholder and red meat producer, we have an opportunity to transform livestock industries from net emitters to net sequesters. Lowering the cost of measuring carbon will also open the door for thousands of farmers to participate in the carbon market and create new revenue streams that reward sustainable practices.”
FLINTpro, developed by The Mullion Group, is a first-in-kind system that integrates a broad range of data and innovative earth-sensing technologies to measure and manage carbon gains and losses — GHG sinks and sources — across all land uses including forests, agriculture, pastures, coastal areas, and soils. Trusted by leaders in finance, government, and business, their team of experts empowers decision-makers to see the opportunities in doing business in a nature-positive way.