Next ERF Auction Date mooted to be September 2020
You can view the results of the March 2020 auction here.
The Fund still has around $100 million remaining, so there are 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 (ERF)?
The Australian Government acknowledges the science of climate change and supports national and global efforts to reduce greenhouse gas emissions.
The Government committed to reduce Australia’s emissions to five percent below 2000 levels by 2020 and has signed the Paris Agreement. This target poses a significant challenge.
Without positive and direct action by the Government, industry and community, Australia’s national emissions will grow strongly beyond 2020 as the economy grows.
The Emissions Reduction Fund continues to sit at the centre of the Government’s climate policy.
Three principles guide decisions on the design of the Emissions Reduction Fund (ERF):
- Lowest cost emissions reductions.
- Genuine emissions reductions: The ERF purchases emissions reductions that make a real and additional contribution to reducing Australia’s greenhouse gas emissions.
- Streamlined administration: The ERF makes 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. Many different agricultural enterprises can now be rewarded, including viticulture, horticulture and cropping.
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 have run 9 Carbon Farming Conference & 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.
Carbon Farming Newsletter
Would you like to receive regular news and alerts about key developments in Carbon Farming direct to your inbox?
Sign up now and receive a copy of the original Carbon Farming Handbook – absolutely FREE!