Providing legal assistance to Indigenous peoples who are disproportionately affected by the climate crisis.
From March 2018 onwards, Norton Rose Fulbright (NRF) has been assisting an Indigenous-owned not-for-profit on an Australian Carbon Credit Units (Credits) venture. The client has custodial responsibility of the parts of Arnhem Land under active bushfire management and supports traditional land management with funding generated through the production and sale of the Credits from savannah burning projects.
The burning projects are registered under the Emissions Reduction Fund, a government program that provides incentives for organizations and individuals to adopt new practices and technologies to reduce their greenhouse emissions and store carbon.
NRF’s work includes:
- drafting and advising on an agreement covering ownership and sale of the Credits on the secondary market
- providing advice in relation to Australian Financial Service License requirements for the sale of the Credits.