Emissions reduction in the land sector is a win-win for land managers. There are a number of financial opportunities for the sector that also provide environmental benefits while improving productivity and increasing resilience to a changing climate.
The global effort to mitigate and adapt to climate change is also presenting market opportunities to the agricultural sector. As economies transition towards lower emissions, opportunities may emerge for agriculture industries that can demonstrate more emissions-efficient production systems, or even carbon neutrality.
For further information on the Australian Government’s emissions reduction strategies and policies, please visit the Department of Industry, Science, Energy and Resources website.
In relation to emissions reduction:
- The Technology Investment Roadmap is a core element to Australia’s Long-term Emissions Reduction Strategy. The Roadmap will accelerate development and commercialisation of new and emerging low emissions technologies, including in the agriculture sector.
- The Emissions Reduction Fund provides ongoing opportunities for farmers and land managers to participate in emissions reduction projects and receive financial reward.
- The Agriculture Biodiversity Stewardship Package includes the Carbon + Biodiversity Pilot, which is trialling arrangements to reward farmers for improving on-farm biodiversity together with carbon projects under the Emissions Reduction Fund.
- The government provides an annual investment of around $1.1 billion in rural research and development through the Research and Development Corporations, Cooperative Research Centres, the CSIRO, universities, the R&D Tax Incentive and other programs.
- The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) is the science and economics research division of the Department of Agriculture, Water and the Environment, and undertakes research projects on climate change.
- The Australian Government is committed to international efforts and actions in climate change mitigation. The Department of Agriculture, Water and the Environment oversees Australia’s commitment to the Global Research Alliance on Agricultural Greenhouse Gases. Australia is a founding member and our continued involvement allows us to share research on a global scale that provides important flow on benefits to Australian land managers.