The Carbon Farming Initiative (CFI) explained

The Federal Government recently announced the Carbon Farming Initiative (CFI) framework, a scheme whereby farmers, foresters and landholders will be able to generate and trade carbon credits to create additional income. The Department of Climate Change and Energy Efficiency (DCCEE) will be receiving submissions on its consultation paper Design of the Carbon Farming Initiative up to close of business on 21 January 2011.

Agriculture and forestry currently account for approximately 23% of Australia's greenhouse gas emissions. The CFI is intended to provide a strong incentive to identify and implement low-cost methods to reduce emissions arising from the agriculture and forestry sectors.