Skip to content
Agriculture Farming Rural, Finance Investment

Farmers cautiously welcome carbon credit move; remind integrity is key

Farmers for Climate Action 2 mins read

Tuesday 21 May, 2024

 

Farmers for Climate Action has cautiously welcomed news that stakeholders will be able to submit new carbon absorption and reduction methods, and reiterated that integrity is key to any carbon methodology.

 

Carbon credits created in the agriculture and land sector generally involve absorbing carbon, typically in plantings of native species but also through soils, or by reducing carbon output of other farm practices, for example by burning methane from piggeries. The carbon credit can then be sold to the government at an auction or to private companies. 

 

Carbon credits must be real and additional - the carbon being absorbed must be additional to what would have occurred under a business-as-usual scenario.

 

Farmers for Climate Action Community Outreach Officer, Peter Holding, said FCA’s 8200 farmer members had made clear that integrity was the key issue for them.

 

“Having stakeholders including farmers suggest carbon credit methods can be a good move, so long as the carbon reduction is real,” Mr Holding said.

 

“We must remember the best way to reduce carbon pollution is at the source, and our key aim must be for polluters to reduce their pollution, not continue to pollute whilst paying for carbon credits.

 

“Taking the politics out of the process is a good move. Having farmers and stakeholders submit suggested carbon methods is much better than the Minister of the day choosing which methods would be assessed.

 

“We stress that any methods approved must be real - every carbon credit must represent a tonne of carbon removed from the atmosphere. A dodgy methodology can put farmers one media exposé away from a carbon market crash - and then farmers who have invested in carbon projects could lose their entire investment. Each suggested new carbon method must be considered in the knowledge that approval of one dodgy method could cost farming families part of their livelihood.

 

“This is the first step in implementing the recommendations of the Chubb Review, and we urge the government to continue implementing all recommendations to strengthen the integrity of the carbon credit market.” 

 

 

ENDS

 


About us:

Farmers for Climate Action is a movement of 8200 farmers calling for strong economy-wide climate policies.


Contact details:

Jacqui Street 0498 188 528 / media@farmersforclimateaction.org.au

 

More from this category

  • Agriculture Farming Rural
  • 03/10/2024
  • 07:41
Newmont Corporation

Newmont Announces Third Quarter 2024 Earnings Conference Call

DENVER–BUSINESS WIRE– Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) will release its third quarter 2024 operations and financial results after market…

  • Contains:
  • Agriculture Farming Rural
  • 02/10/2024
  • 15:33
Farmers for Climate Action

Climate change sends farm insurance ‘through the roof’, driving up price of food for Australian families

Thursday, 3 October 2024 Climate change is sending farm insurance skyrocketing, as the Senate Inquiry Into The Impact of Climate Risk on Insurance Premiums…

  • Contains:
  • Agriculture Farming Rural
  • 02/10/2024
  • 10:43
Farmers for Climate Action

Farmers welcome strengthened Queensland clean energy regulations

Wednesday, 2 October 2024 Farmers for Climate Action (FCA), representing 8300 farmer members, has welcomed new Queensland clean energy regulations. The highlights include: Clarity around decommissioning and rehabilitation of clean energy projects Investigation into the impact of construction on local workforce and accommodation Identifying the best trucking route from the outset There were further promises to investigate: Increasing access to information about projects through an online portal Expanding the role of the Water Ombudsman to consider community complaints Expanding the role of the state environment authority FCA CEO Natalie Collard welcomed the news. “We welcome government actions that give farmers…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.