Saltwater Creek Carbon is a 25-year, AUD $3.74 million collaboration between the Queensland Government and CO2 Australia Limited to deliver improvement in the biodiversity levels, connectivity between remnant native vegetation, and water quality entering the local waterways and reaching the Great Barrier Reef, with added socioeconomic benefits of employment and income generation for the region. The Account area is located approximately 15 km NW of Port Douglas, within the Daintree-Bloomfield subregion of the Wet Tropics bioregion of tropical north Queensland. The property is bounded to the west and east by intact tropical rainforest, with contiguous vegetation between the property and the Mossman Gorge section of the Daintree National Park; part of the Wet Tropics World Heritage Area.

Queensland Government fauna database records indicate the confirmed presence of a number of threatened species records within 10 km of the project area, including southern cassowary (Casuarius casuarius johnsonii), spotted-tailed quoll (Dasyurus maculatus gracilis), common mistfrog (Litoria rheocola) and tapping green-eyed frog (Litoria serrata); all listed as endangered under the Nature Conservation Act 1992 (Qld) and the Environment Protection and Biodiversity Conservation Act 1999 (Cwlth). This is in addition to no fewer than 25 species of plants listed as threatened species under those same pieces of environmental legislation.

The goal of the Account is to monitor and track improvement in biodiversity co-benefits associated with this environmental planting project through the calculation of Native Vegetation Econd®. Ongoing monitoring of the restoration project will be undertaken to help inform management decisions, including Econd® surveys by CO2 Australia ecologists in accordance with the accredited CO2 Australia Native Vegetation Condition Monitoring Method, monitoring and control of weeds. Further opportunities to improve biodiversity co-benefits of the project will continue to be explored for the life of the project, based on the outcomes of Econd® assessments.