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ARTICLE · 01 JUNE 2014

Opportunities for agribusiness under the Emissions Reduction Fund (ERF)

The ERF provides opportunities for proponents of projects which demonstrate greenhouse gas (GHG) emission reductions.

AustraliaEnvironment

Key Points:

New methodologies, land ownership rules, and a new measure for additionality all offer opportunities to agribusiness.

The Federal Government's proposed Emissions Reduction Fund (ERF) provides opportunities for proponents of projects which can demonstrate greenhouse gas (GHG) emission reductions to obtain Government funding, essentially via successful bids in a reverse auction for that funding.

The ERF will use much of the legislative architecture of the Carbon Farming Initiative (CFI), which focuses on land sector GHG abatement.

So what are the opportunities and challenges for agribusiness in the ERF?

The intersection between the Emissions Reduction Fund and agribusiness

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