Alterra was a first mover in the agro forestry / carbon markets in Australia and successfully developed major carbon credit projects from a concept stage through to steady state and sustainable enterprises. The projects were novated to ACCU Asset Management in 2018 and demerged to Carbon Conscious Investments Ltd on 1 January 2019.
The story essentially began in 2000 with the founding of a private company, Australian Agricultural Contracts Ltd (AACL) to develop a large scale share-farming venture. By 2008 it was achieving annual wheat, barley, and canola production of 350,000 tonnes.
In 2005 AACL began researching opportunities to create carbon credits by planting native trees on lower productive agricultural land in the WA wheatbelt.
In 2007 Carbon Conscious Ltd was founded. The company was floated as an IPO on the ASX in May 2008, and its first commercial carbon sink was planted.
2008 - 2012
Carbon Conscious Ltd planted over 21,000,000 ha of mallees on 30 farms in Western Australia and a 100% owned subsidiary (Carbon Conscious New Zealand Ltd) planted 800 ha of pines on 4 farms in New Zealand. Carbon credits were forward sold through to 2027.
2013 - 2014
The first Australian Carbon Credit Units were produced and delivered to clients in 2013.
In 2014 another minor carbon sink project was initiated and in response to a changing business environment work commenced to diversify the company’s interests.
2015 - 2018
Ongoing Management of existing agro-forestry projects, that will continue to produce carbon credits until 2039.
2018 - 2019
Carbon project assets transferred to ACCUAM. ACCUAM and Carbon Conscious Investments demerged from Alterra.
Carbon Conscious Investments Limited adopts dividend distribution policy.