The Carbon Farming Initiative (CFI) allows farmers and land managers to earn carbon credits by storing carbon or reducing greenhouse gas emissions on the land. These credits can then be sold to people and businesses wishing to offset their emissions.
Interested parties are invited to make submissions on the exposure draft of the Carbon Credits (Carbon Farming Initiative) Amendment Regulation 2014 (the draft regulation) by 2 May 2014. The Department has prepared an explanatory statement to assist stakeholders in their consideration of the draft regulation.
- Exposure draft of the Carbon Credits (Carbon Farming Initiative) Amendment Regulation 2014 (PDF 66 KB)
- Exposure draft of the Carbon Credits (Carbon Farming Initiative) Amendment Regulation 2014 (Word 222 KB)
- Explanatory statement to the Carbon Credits (Carbon Farming Initiative) Amendment Regulation 2014 (PDF 75 KB)
- Explanatory statement to the Carbon Credits (Carbon Farming Initiative) Amendment Regulation 2014 (Word 58 KB)
The draft regulation provides for the addition of three new activities to the ‘positive list’ of eligible activities under the CFI. These additional activities are sequestering carbon in soil in grazing systems, early finishing of beef cattle and phytocaps on landfills.
The draft regulation will also amend a positive list entry for projects which capture and combust methane from livestock manure so that in order to be eligible, projects must have installed or upgraded their combustion equipment on, or after, 1 July 2007.
Further information on the positive list is detailed on the Positive list page.
The draft regulation will also specify a 15 year crediting period for soil carbon sequestration activities and update the reference to the New South Wales Crown Lands Minister.
This exposure draft process will inform the finalisation of the amendment regulation, which is expected to be made in the first half of 2014.
Making a submission
Where possible, submissions should be lodged electronically in a text-based format (such as PDF, DOC) via email to firstname.lastname@example.org
Submissions may alternatively be sent to the postal address below to arrive by the due date.
Submissions will not be treated as confidential unless this is specifically requested, and may be made publicly available. If a submission (or an extract of a submission) is to be kept confidential, please indicate this in the submission.
The Department reserves the right not to consider late submissions.
CFI Policy and DOIC Secretariat
International and Land Division
Department of the Environment
GPO Box 787
Canberra ACT 2601
Phone: 1800 057 590 or email email@example.com