Future Forests will be independently audited each year, with the results published as part of AGL's annual Sustainability Report. The carbon offsets we purchase are also backed by the WWF’s Gold Standard – which is regarded as one of the highest standards of carbon credits in the world. Also, we’ll share regular updates via email (to prevent undoing your good work by printing on paper) so you can see what’s happening is our Future Forests.
According to the Australian Energy Regulator, 87% of Australia’s electricity is produced using fossil fuels, and it’s been proven that generating energy this way adds carbon dioxide to the atmosphere and contributes to global warming.
It’s all quite technical, but trees remove carbon dioxide from the atmosphere through photosynthesis and store the carbon in their leaves, branches, stems, bark and roots. Actually, close to half the dry weight of a tree’s biomass is carbon.
Global warming is the earth’s average temperature increasing due to the effect of greenhouse gases, and it can lead to changes to our climate and environments. While global warming is caused by a number of factors, a main contributor is human beings burning fossil fuels to produce energy.
As well as complying with the Kyoto Protocol, all of the Future Forests target areas have Carbon Rights and Carbon Covenants registered on their land titles – meaning it’s illegal for their current or future landowners to damage of remove any trees for the next 100 years.
The projects that we’re supporting are required to have programs in place to manage this risk. The specifics are technical but it includes things like insurance and management plans, as well as preparation to obtain offset credits from other projects to meet their obligations.
That’s easy. After speaking with our customers, we found that many were worried about climate change and wanted to do something to tackle it. But they were looking for a way that was both affordable and easy to understand. So, along came AGL Future Forests.
It all depends on which Australian native species will survive and thrive best in the target area’s local habitat, but from drought-tolerant Eucalypts to woody-stemmed Acacias, up to 40 different species are being planted as part of Future Forests.
Australia still generates a large amount of its energy from fossil fuels. Through Future Forests, AGL wants to make it possible for our customers to offset these emissions in an affordable and easy way using Australian forestry programs. Future Forests is a great way to do this because AGL doesn’t profit from the contributions and will cover the emissions from all of your home’s electricity usage for only $1 a week.
GreenPower guarantees that renewable energy equivalent to your home’s energy usage is generated by accredited renewable energy generators, which includes wind, solar, water and bioenergy. The cost of GreenPower can vary depending on the amount of energy you use. But with Future Forests, you pay $1 a week to offset carbon emissions based on your home’s electricity consumption. And while you can choose one or the other, the good news is that you can get both GreenPower and Future Forests for your home.