Trees absorb carbon from the atmosphere and store it as wood.
Planting commercially viable trees is a good way to improve the carbon balance because the harvested product is usually locked up in timber and other fibrous materials on a permanent basis. There are two ways to address rising atmospheric CO2: reducing emissions and absorbing and storing CO2. Trees and wood products can do both. When trees grow, they actively absorb carbon from the atmosphere and store it as wood. When wood from sustainably managed sources is used in place of other materials such as metal, concrete and plastic, that return more CO2 to the atmosphere over their lifecycle, there are also carbon emission reduction benefits. The trees can then be replanted, and the cycle starts again.
Apart from these climate benefits, as a tree grower you can obtain significant assistance in the form of a rebate via the Federal Government’s Emissions Reduction Fund (ERF). To access this you are often best served by working with a professional organisation who are equipped to manage the mapping and accounting necessary to satisfy the regulators.