Major investment backs Tiwi carbon forestry project

Major investment backs Tiwi carbon forestry project
  • Forestry
  • First Nations led business development

Summary

This Australian Financial Review article explores the landmark Tiwi forestry carbon project, highlighting more than $80 million in investment from the Clean Energy Finance Corporation and River Capital. It outlines the project’s role in establishing one of Australia’s largest Indigenous-led nature-based carbon ventures, creating long-term economic opportunities, jobs and training for Tiwi communities while expanding northern Australia’s plantation forestry sector.

Projects

Maximising northern tropical forestry-linking communities and cutting-edge technology Tiwi Islands

Maximising northern tropical forestry-linking communities and cutting-edge technology Tiwi Islands

This project supported the expansion of tropical hardwood plantations across the Tiwi Islands and northern Australia, combining advanced forestry science with Indigenous-led enterprise development to strengthen productivity, product value and long-term economic opportunities. Delivered through three integrated research programs, the project identified high-performing Eucalyptus pellita genetics, optimised plantation management practices and assessed opportunities for higher-value timber products. Researchers also worked with Aboriginal communities and industry stakeholders to develop a northern forestry industry growth model, providing a framework for future investment, supply chain development and Indigenous participation in the sector. The project directly informed Tiwi Plantations Corporation’s transition from acacia to eucalyptus plantations, contributing to the business case for an $80 million second-rotation investment and the replanting of 30,000 hectares on the Tiwi Islands. The research is now guiding the establishment of 30 million trees over the next decade, while creating a foundation for long-term employment, carbon opportunities and future value-adding industries. By combining cutting-edge genomics, plantation science and community-led development, the project has strengthened the role of Tiwi-owned forestry operations and established a pathway towards a more productive, sustainable and higher-value tropical forestry industry in northern Australia. Publications Watch Tiwi Traditions on Landline – https://www.abc.net.au/news/rural/programs/landline/2023-07-02/tree-traditions:-new-plantation-model-for-tiwi/102552570  

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