Australian gov't announces carbon credits framework

09:11, November 22, 2010      

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Under a draft framework released by Australian federal government on Monday, farmers will be rewarded by the measures they implement to reduce carbon pollution.

Australian Climate Change Minister Greg Combet on Monday issued the first guidelines for the Carbon Farming Initiative, designed to facilitate the sale of carbon credits on the domestic and international market.

Under the government plans to test-run a carbon market for the sector, farmers will be able to gain credits for reducing pollution through measures such as reforestation, cutting livestock emissions, reducing fertilizer use, burning crop residue and reducing emissions from landfill waste.

Combet said the proposals are designed to ensure genuine emissions reductions, and will allow for many rural and regional communities to take part.

"This is another example of action being taken by the government to tackle climate change," Combet said in a statement on Monday.

Combet said stakeholder groups such as the National Farmers Federation and Landcare have been asked to comment on the rigour and transparency of the proposal, ahead of the introduction of legislation to Parliament early next year.

"We are determined to ensure we get the model right, as well as create economic opportunities in a future low-pollution economy," Combet said.

The release of the guidelines comes amid an increased campaign by the Government to gain support to introduce a carbon price.

Source: Xinhua


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