Australian conservationists propose 'koala park' could bring in revenue through carbon offset sales

23 January 2015

Forestry workers have slammed a NSW Labor plan to create a 315,000ha koala national park near the Coffs Coast, but conservation groups say the move could bring millions of dollars to the state through carbon offsetting.

Federal Environment Minister Greg Hunt recently commissioned a report that found ending logging just in forests north-east of Melbourne would save about 3.2 million tonnes of carbon dioxide emissions this year.

It found the move would bring in $30 million in carbon offsets and achieve 5% of the emission reductions needed to meet Australia's 2020 carbon cut targets.

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