Farming under the Emissions Reduction Fund (ERF); now also called the Climate Solutions Fund (CSF)
So what’s in the future for Carbon Trade Policy?
The Current Coalition Government committed to the $2.55 billion ERF fund and there is around $100 Million left. The ERF operates using a ‘reverse auction’. To participate your Project will need to be Registered first.
If you are successful at the ERF auction, you can have up to 10 years of carbon income, guaranteed by a Government contract. This is proving very attractive to some farmers.
You can choose to have a 25 year project or a 100 year project.
What will happen after the ERF is exhausted is as yet undecided. We will keep stakeholders up to date as things unfold. If you would like to take part in the next auction, contact us.
It is important to remember, however, that the absence of the ERF auction does NOT mean you can’t have a project and earn Carbon Credits to sell.
In Australia we are quickly developing what is known as the ‘Secondary Market’ and right now, if you had Australian Carbon Credit Units (ACCUs) in your account, you would be able to sell them. Outside of the ERF.
The Secondary Market is comprised of people who want to offset their carbon footprint due to their own reasons, NOT because a Government is forcing them to.
So, the time is NOW to come to understand how you might be able to benefit from Carbon Trade, AND potential increases in the price of Carbon. What a shame it would be if the Government had to go overseas to buy credits to meet our targets.
Farmers can choose from the available project types – and the best way to know WHICH ones might suit is to ASK US – with our experience we can look at your situation and assist you to understand if there is potential for you AND which potential might be best.
We’ll do an initial Whole of Farm Carbon Audit to let you know, and this is FREE.
Please give me a call at any time. I’m always happy to have a chat on 0417 280 540.
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