Clients can use the credits to either offset carbon liabilities or trade them under the Australian carbon pricing mechanism.

CO2 Group chief executive officer Andrew Grant said he was pleased to have achieved project registration so quickly after reforestation and afforestation methodology determination came into effect.

CO2 directly manages about 26,400 hectares (or 39 million trees) of carbon sinks, comprising a mixture of plantings that it owns outright, owns in partnership, or manages on behalf of large emitters seeking to reduce their carbon tax exposure.

"With Australian carbon credit units creation from our own carbon assets now almost complete, we are actively in the market to secure favourable sales terms around the supply of ACCUs from our projects," Grant said.

The achievement, together with the recent acquisition of Ecofund, continues the company’s diversification strategy across all areas of the carbon market and into environmental offset services.