Speakers: Wilfred Finn, Senior Associate at Norton Rose Australia
Lauren Cunningham, Department of Climate Change and Energy Efficiency
The Carbon Farming Initative (CFI) is an Australian Government program that was introduced in late 2011 and unlike other parts of the Clean Energy Futures package, appears to be supported by the Federal Opposition parties.
The CFI allows farmers and other land managers to earn Australian carbon credit units (ACCUs) by storing carbon or reducing greenhouse gas emissions on the land. These ACCUs can be sold to people and businesses wishing to offset their emissions.
Activities that may earn ACCUs to meet liabilities under Australia’s carbon price mechanism include: reforestation, avoided deforestation, and reducing emissions from livestock, manure, fertiliser and waste deposited in landfills before 1 July 2012.
The first four projects to be declared eligible by the Clean Energy Regulator were announced in August 2012 and by the end of February 2013, this number had grown to 46 projects around Australia (eight of which are in Queensland).
This presentation will provide:
- An overview of the CFI and key concepts;
- A summary of how to undertake a CFI project; and
- Some current market expectations.
For more information on the presentation, download the flyer.