What about other agencies? What role do they play in Carbon Farming?
Today we continue our look into the Carbon Farming and Trading industry.
Let’s talk about the CSIRO and the NSW DPI. One a respected agency, and the other a State Government Department.
You’d be amazed at how much money has already been spent in making this industry a reality, along with what is to come. To ensure that Landholders take their rightful role as VIPs of the green economy.
Not to mention that Soil Carbon is one of (current) Minister Taylor’s five ‘technology roadmap’ technologies to take us to net-zero by 2050. A huge commitment AND a bucket of money to go with it.
Yes, I know, there is an election on… We just keep moving forward with what we have in front of us at the time. It works every time.
So, two agencies/departments leading this charge to the future are the CSIRO and the NSW DPI. Let’s take a look…
Let’s look at CSIRO
In regards to Soil Carbon, CSIRO says:
“Australia has made a commitment to Net Zero emissions by 2050. Each year, the National Greenhouse Gas Inventory reports all greenhouse gas emissions across all sectors, and the Emissions Reduction Fund (ERF, provides the financial mechanism to incentivise industries to either reduce emissions, or increase sequestration, contributing to the emission reduction targets set under the Paris Agreement.
“Currently, over 70 percent of the contracted abatement under the ERF (excluding savanna burning), valued at over $1.6 billion, comes from soil and vegetation management” (emphasis is mine).
As we say: Soil is the LARGEST carbon sink over which we have control so let’s get down to solving the issues. On the above CSIRO page, you will see a long list of what they have been working on in this space.
We can’t fit it all in, so at the conference, we will have Dr. Cara Stitzlein speaking. She will be talking about the updates to two CSIRO-designed ‘Carbon Abatement Estimation Tools’.
Some of you may already know about looc-c – here you can go in and ‘map’ your own property and find estimates of carbon abatement under various methods. We may also get some insights into the new tool – Looc-B. This is not yet launched but will be a similar tool for Biodiversity enquiry. Biodiversity improvement payments in the future for sure.
CSIRO will have a booth in the expo area, so you can ask all your questions there. You need to be there to get a first look at the new tool… Register now!
And what of the NSW DPI?
Ok, so this is not a national agency, but with their forward-looking and recently announced initiatives, I believe they will be leading the way for other state departments to follow.
NSW is committed to net zero emissions by 2050 but also has a plan for a 50 percent reduction by 2030. The recently announced Primary Industries Productivity and Abatement Program (PIPAP) will help producers and landowners understand all aspects of Carbon Farming for trading.
The modeling undertaken to inform the policy can be found here.
At the conference, we’ll have Dr. Cathy Waters, one of the leads for this program bringing you the understanding of what this $125 million package means. Listen in, even if you are not from NSW as it is a great ‘roadmap’ for other states as well.
Don’t forget, to get up to speed with all the ‘lingo’ we have Carbon Farming 101 on the first afternoon. We will be setting the stage there. What is a method? Why do you need one? Why is an Australian Carbon Credit a financial instrument and what does that mean? As well as an outline of the Land to Market EOV monitoring system to monitor biodiversity increases on farm. A great way to show you are farming regeneratively, and potentially earn a premium.
Then, soothe your soul at the Welcome Drinks…
Onwards!
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