Unit of competency Outline

Date retreived
22/07/2026 9:52 AM AWST

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Identify opportunities and risks in carbon farming projects

Identify opportunities and risks in carbon farming projects

Unit of competency
National Code
AHCCFP403
State Code
OBK14
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
21/10/2019
View on TGA
State Implementation and Classification
Approved Date
28/01/2020
Field of Education
059999 - Agriculture, Environmental And Related Studies, N.e.c.
Original Release Date
28/01/2020
Nominal Hours
90
Description
This unit of competency describes the skills and knowledge required to identify the opportunities and risks involved in undertaking a carbon farming project for a given site/s.The unit applies to individual land owners, land managers or members of a community, or other entity, who assess the opportunities and feasibility of starting up, or taking part in, a land-based carbon farming project.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Identify carbon farming opportunities
  • 1.1 Identify potential site/s for carbon farming project
  • 1.2 Consider land type, land use, local climate and investment
  • 1.3 Consider carbon farming methods that may apply to selected site/s and associated social, cultural and economic benefits
  • 1.4 Determine rights to lands, eligible interest holder groups and project boundaries
  • 1.5 Investigate markets that offer carbon credits for approved carbon farming projects
2. Consider feasibility of the carbon farming project
  • 2.1 Estimate total costs of project
  • 2.2 Consider technological systems required to monitor project and collect, collate and record relevant data
  • 2.3 Identify the management, governance and technical skills required to implement a carbon farming project
  • 2.4 Assess requirement to contract suitably qualified or experienced personnel
  • 2.5 Consider services that may be offered by carbon project developers, agents, aggregators and advisors
3. Consider financial aspects of the carbon farming project
  • 3.1 Identify stakeholders and consultation processes
  • 3.2 Estimate ongoing project costs
  • 3.3 Roughly estimate anticipated carbon abatement
  • 3.4 Investigate benefits of working with an agent or advisor who holds an Australian Financial Services Licence (AFSL) to identify financial risks
  • 3.5 Assess risks of working with an agent or advisor who does not hold an AFSL
4. Analyse overall benefits and risks associated with carbon farming project
  • 4.1 Analyse direct benefits and ancillary benefits of potential carbon farming project
  • 4.2 Analyse risks associated with the implementation of the carbon farming project
  • 4.3 Present a summary risk analysis document to stakeholders and make recommendations that provide options for carbon farming
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