Over half the money raised from the carbon price is being used to assist households.
Reducing carbon pollution and increasing the amount of carbon stored on the land can improve productivity, protect the environment, and increase resilience to climate change.
Q. What role does agriculture play in a clean energy future?
Q. What is the Government’s new long-term greenhouse gas reduction target?
The Government’s long-term target for carbon pollution reduction has been raised from 60 per cent to 80 per cent below 2000 levels by 2050.
The Carbon Farming Initiative and other land sector measures
The Carbon Farming Initiative (CFI) allows farmers and land managers to earn carbon credits by storing carbon or reducing greenhouse gas emissions on the land. These credits can then be sold to people and businesses wishing to offset their emissions.
The CFI also helos the environment by encouraging sustainable farming and providing a source of funding for landscape restoration projects.
General information about the Carbon Farming Initiative
For information on the Carbon Farming Initiative – how it works, which activities can generate carbon credits and the ground rules for these activities – contact the Department of Climate Change and Energy Efficiency.
The Department of Climate Change and Energy Efficiency is responsible for:
- developing the Carbon Farming Initiative legislation and supporting regulations
- developing the rules (methodologies) for undertaking Carbon Farming Initiative projects
The Department of Climate Change and Energy Efficiency also provides secretariat support to the independent Domestic Offsets Integrity Committee, which assesses methodologies for use under the Carbon Farming Initiative.
Information for farmers and land managers
For information, tools and support to respond to climate risks and opportunities and benefit from creating land‑based carbon credits through participating in the Carbon Farming Initiative contact the Department of Agriculture, Fisheries and Forestry.
The Department of Agriculture, Fisheries and Forestry is working with many partners, including industry and researchers, to:
- contribute to the development of Carbon Farming Initiative policy and the rules (methodologies) for undertaking Carbon Farming Initiative projects
- support research and on-farm trials of innovative practices and technologies that reduce agricultural greenhouse gas emissions and store carbon in the landscape
- provide information to farmers and land managers to enable them to make the most of the opportunities provided by the Carbon Farming Initiative
- Regional Landcare Facilitators are talking to people in their regions about the Carbon Farming Initiative—contact your nearest facilitator to find out what’s happening in your region.
The Department of Agriculture Forestry and Fisheries | 1800 156 858
For information about applying for a Carbon Farming Initiative Project contact the Clean Energy Regulator.
The Clean Energy Regulator is responsible for:
- issuing Australian carbon credit units
- managing the holding, transfer, retirement, relinquishment and cancellation of units through the Australian National Registry of Emissions Units
- approving participation in the Carbon Farming Initiative by individuals and entities
- approving Carbon Farming Initiative projects
- educating participants on how to comply with the Carbon Farming Initiative rules.
Land Sector Package
In addition to the many opportunities for farmers and landholders under the CFI, the sector is supported by a comprehensive $1.7 billion Land Sector Package. This includes:
- An ongoing Carbon Farming Futures program ($429 million over the first six years) for research, development, on-farm trials and extension to help farmers and land managers take action on the land to reduce greenhouse gas emissions and / or increase carbon sequestered in the landscape, including support for conservation tillage equipment.
- An ongoing Biodiversity Fund ($946 million over the first six years) to support land managers to store carbon, enhance biodiversity and increase resilience across the Australian landscape.
- The $250 million Carbon Farming Initiative Non-Kyoto Carbon Fund to purchase CFI credits.
- A Regional Natural Resource Management Planning for Climate Change Fund ($44 million over five years) to update existing regional NRM plans to guide planning for climate change impacts on the land and to maximise the environmental benefits of carbon farming projects.
- An Indigenous Carbon Farming Fund ($22 million over five years) supporting Indigenous Australians to participate in the Carbon Farming Initiative.
- A $4.2 million Carbon Farming Skills program to establish a new qualification in carbon farming and an accreditation scheme for carbon service providers.