Labor to launch carbon credit scheme for farmers
Labor to slide from the stocks carbon credit scheme for farmersThe Federal Government will today outline a lay out to help farmers earn money for selling carbon credits on the between nations market.
It estimates the scheme could earn farmers up to $500 the public over the next 10 years.
Climate Change Minister Penny Wong says the Government would fix rules to determine what types of greenhouse gas abatement can have existence rewarded with carbon credits.
“The most obvious one is planting trees; reforestation has been a protracted-standing approach to trying to store carbon and there are a assign of opportunities in Australia,” she said.
“But we want to be ~ed a whole range of methodologies, we want to make sure that farmers be able to have the opportunity to look at soil carbon, to look at fertilizer management.”
The Government would also provide funds to Landcare so its volunteers can educate farmers on how to earn credits.
The initiative is expected to require to be paid about $46 million.