This project was supported by funding from the Australian Government
The Australian Government’s original Carbon Farming Initiative (CFI)—which enabled farmers to earn Australian Carbon Credit Units (ACCUs) through carbon farming—commenced in 2011. This scheme has now been folded into the Emissions Reduction Fund (ERF).
From 12 December, the rules governing the CFI have changed with the passage of the Carbon Farming Initiative Amendment Act 2014. This expands the CFI into other sectors of the economy and implements the government’s ERF, which will be used to purchase carbon abatement.
The ERF (as configured at the time this manual was prepared) is intended to provide continuing encouragement for carbon farming.
The key elements of a business case for carbon farming remain the same.
Throughout this manual, we refer to both the Carbon Credits (Carbon Framing Initiative) Act 2011 and the ERF as the policy instruments for carbon farming activities that can generate ACCUs. As the ERF is implemented in detail, more information about it will become available.