Next ERF Auction Date – not yet announced.
To view the results of the June 2018 auction visit: http://www.cleanenergyregulator.gov.au/ERF/Auctions-results/june-2018
However, the Fund still has $249 million remaining, so there is likely to be more auctions.
Not sure if you are able to register a project? What to know what activities CAN be rewarded under the ERF?
Please don’t hesitate to contact me to find out! CFA is involved in the ERF at all levels and spend 24/7 keeping up with the latest.
Again, you can do this by yourself, or CFA is ready to assist. At this point, should assistance be sought, CFA may assume the role of a ‘Carbon Agent’. We will assume all the tasks required to get the project registered and beyond, and will enter an arrangement with you as to how CFA will be paid for their services (normally NO upfront costs). This structure has developed into ‘Industry Norm’ due to the sometimes complex nature of the projects, AND the way it allows farmers to continue to do their normal work without being expert in yet another area!
What is the Emissions Reduction Fund?
The Australian Government acknowledges the science of climate change and supports national and global efforts to reduce greenhouse gas emissions.
The Government has committed to reduce Australia’s emissions to five percent below 2000 levels by 2020 and to review our position in 2017 as part of the global negotiations regarding international commitments both pre and post 2020. This target poses a significant challenge. Without positive and direct action by the Government, industry and community, Australia’s national emissions will grow strongly to 2020 as the economy grows.
Further to this, the Australian Government has signed the Paris Agreement – with further emissions reductions promised under this agreement.
The ‘Emissions Reduction Fund’ sits at the centre of the ‘Direct Action Plan’ which was launched in 2010. The Direct Action Plan outlines how the Government will meet its five per cent reduction target.
Three principles will guide decisions on the design of the Emissions Reduction Fund:
- Lowest cost emissions reductions.
- Genuine emissions reductions: The Emissions Reduction Fund will purchase emissions reductions that make a real and additional contribution to reducing Australia’s greenhouse gas emissions.
- Streamlined administration: The Emissions Reduction Fund will make it easy for businesses to participate
What does this mean for the carbon farming initiative and farmers?
It is important to understand that the Carbon Farming Initiative REMAINS under this Government. It has been ‘expanded’ and ‘streamlined’.
The above means that moving forward , the very restrictive way of developing a ‘methodology’ or ‘recipe book’ for farmers to follow to show they can increase soil carbon, account for storage in trees, or reduce emissions from methane and nitrous oxide, will be ‘streamlined’ , making it easier to take part. This may mean things like less onerous requirements AND a 25 year carbon credit – often a sticking point for farmers.
The Soil Carbon methodology for farmers to be rewarded for increasing soil carbon via activities, or using soil amendments is now reality. For now, it is restricted to those in a grazing enterprise, but there is a new method coming which may enable cropping enterprises also to be paid to increase soil carbon.
The Soil is the Largest Carbon Sink over which we have control, and Carbon Farmers of Australia is dedicated to assisting Farmers to realise the win/win solution of improving soil carbon which improves water holding capacity and soil structure while being paid to take carbon from the air.
We ran 8 Carbon Farming Conferences and Expos to assist farmers to explore how this could be done and we remain at the forefront of the knowledge of how to increase soil carbon and rewarding farmers for their efforts. ONLY farmers can do this essential work.
But, there are other ways to be rewarded for increasing carbon on farm, OR for reducing emissions. To get an idea of the potentials on your farm, a ‘whole of farm’ carbon audit is a FREE service we offer which will let you know if you can participate.