The project is using a range of methodologies to cover a range of GHG sequestration and abatement NRM activities covering the full scope of agriculture, forestry and land use (AFOLU) activities using definitions from the Voluntary Carbon Standard Guidance for Agriculture, Forestry and Other Land Uses, including avoided deforestation and degradation (REDD), farm forestry and selective logging (IFM), reforestation and revegetation (ARR), grazing land management and sustainable agriculture (ALM). The forest related methodologies, in particular, are well developed, and finance from the sale of these VERs will enable the implementation of landscape-scale sustainable agricultural management in the Wet Tropics which form part of the catchment of the Great Barrier Reef.

The regional approach presented here, with its aggregation of GHGs at a landscape scale, across a range of activities, also provides a robust approach to risk management, particularly with respect to permanence.

Importantly, the Wet Tropics Biocarbon Sequestration and Abatement Project tests an approach to AFOLU methodologies currently excluded from the Australian national emissions trading scheme. The Project attempts to showcase how important land uses, such as agriculture, are to be included in any national scheme.