TOTALENERGIES SE: Australia: TotalEnergies Inks Two Partnerships to Develop Natural Carbon Sinks
18 Novembre 2021 - 08:26AM
UK Regulatory
TIDMTTE
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has established
two operational partnerships with Australian carbon developers
AgriProve and Corporate Carbon to develop natural below-ground
carbon sinks in Australia and help prevent savanna fires, notably
in Africa.
1. Partnership with AgriProve: a 20,000-hectare soil carbon
sequestration operation to remove and sequester more than 3 million
tonnes of CO2e.
Since October 2020, TotalEnergies and AgriProve have been
partnering to foster the development of soil carbon sinks in
Australia by engaging with, financing, and supporting volunteer
farmers in their transition from intensive agriculture to various
regenerative agricultural practices.
The new farming systems allow soils that are regenerating
through improved farming practices to store much more carbon thanks
to richer below-ground biodiversity (roots, nodules, etc.). These
richer soils also increase natural productivity, and improve
rainfall infiltration and drought resistance, providing greater
crop resilience in the face of Australia's many severe weather
events. Farmers in the program also benefit from additional income
from the sale of Australian Carbon Credit Units (ACCUs).
Seventy farmers have already joined the project, representing
15,000 hectares of land. This makes it a large innovative
aggregation of landowners that are transitioning to regenerative
agriculture. Over 25 years, by fixing more carbon in the soil, more
than 3 million tonnes of CO(2) equivalent are expected to be
removed from the atmosphere and permanently sequestered in the
ground.
2. Partnership with Corporate Carbon: an international
methodology for savanna fire management based on Australian
Indigenous land management know-how to help preserve African
landscapes.
Since July 2021, TotalEnergies and Corporate Carbon have been
partnering to develop a free, international methodology to prevent
savanna fires, along with tools to verify the impact. The
methodology is based on Australian Indigenous savanna fire
management techniques, which cultivate burning practices that avoid
severe late dry season fires.
International Savanna Fire Management Initiative (ISFMI)
estimates that savanna fires cause the net emission of 2 gigatonnes
of CO(2) equivalent annually, out of which 70% occur in Africa. To
help solving this issue, the partnership includes the launch of
initial programs with resident populations in the southern Africa
region to implement the necessary practices.
The measurement of avoided emissions achieved through these fire
management practices will be conducted using extensive satellite
data and remote sensing.
"We are pleased to partner on concrete projects and invest in
natural ecosystems that will generate high-quality carbon credits
over the next decade. Australia is a pioneer in soil carbon sinks
and savanna fire management methodologies. We support this activity
and aim to play a role in enabling other geographies, like Africa,
to benefit from it", said Adrien Henry, Vice President Nature Based
Solutions at TotalEnergies. "TotalEnergies' climate ambition is
based on a panel of tangible actions, aiming first to prevent and
then to reduce our greenhouse gas emissions, and finally to offset
residual emissions. These projects in Australia are real-world
illustrations of this approach, complementing all the other
priority measures for preventing and reducing TotalEnergies'
emissions".
***
About AgriProve
AgriProve is a pioneer in agricultural soil carbon sequestration
projects in Australia, with 90,000 hectares under management,
including the first Australian property to receive credits for soil
carbon sequestration. AgriProve's focus is on providing solutions
to Australian farmers to allow greater participation in the
Australian Emissions Reduction Fund. This in turn makes it easier
for farmers to access the emerging carbon market.
About Corporate Carbon
Corporate Carbon has been one of the leading supporters of
savanna fire management projects in Australia with involvement in
15 projects and 1.8 million tonnes of certified avoided emissions
to date. They are also co-chair of the Australian Savanna Burning
Management industry working group, and part of the International
Savanna Fire Management Initiative which aims to support Indigenous
savanna fire management wherever Indigenous communities wish to
revitalize traditional practices.
About TotalEnergies Nature Based Solutions
As part of its climate ambition, and in addition to its priority
actions to avoid and reduce emissions, TotalEnergies works with
many local partners around the world to develop and conserve
natural carbon sinks, while helping to preserve their biodiversity.
These operations follow a long-term approach of sustainable and
integrated economic development of areas with local communities.
TotalEnergies plans to spend $100 million per year to build a
portfolio of projects capable of generating at least 5 million
metric tons of CO2e of carbon credits per year by 2030. These
carbon credits will be used after 2030 to offset the Company's
scope 1 & 2 emissions.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and
markets energies on a global scale: oil and biofuels, natural gas
and green gases, renewables and electricity. Our 105,000 employees
are committed to energy that is ever more affordable, cleaner, more
reliable and accessible to as many people as possible. Active in
more than 130 countries, TotalEnergies puts sustainable development
in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.
***
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SOURCE: TotalEnergies SE
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