CMI response to carbon farming issues raised in AustraliaFriday 14 Feb 2025
“Issues raised in these articles should and are being considered seriously by CMI and government regulators, and CMI will continue to work to address these and other issues. That said, the articles do have internal contradictions including saying the industry is both over and under regulated,” said CMI CEO John Connor. “Carbon farming is a relatively new industry providing, as partially noted in the articles, a range of climate, social and environmental benefits. Like other land sector industries, carbon farming needs to address social licence and stakeholder relation challenges. “CMI, whose over 140 members include project developers but also conservation, Indigenous and other industry stakeholders, has been working to support best practice in addition to supporting integrity and method reforms in the Australian Carbon Credit Unit (ACCU) framework.” This includes working on a recent study coordinated by six council areas in a South-West Queensland (SWQ) region briefly referred to in the online not print version. This report revealed that the rapid expansion of carbon farming in the region in the early days of the ACCU scheme has left a legacy social license impact not necessarily reflective of current practices or realities. It provides important insight into challenges around appropriate use of land in the regions and managing the impacts of subsequent land use changes. The SWQ report’s quantitative data shows that the economic benefits have outweighed any disbenefits to-date and farmers reported a broad range of improvements over the past decade, however there is clearly more work required to quantify these benefits on a larger scale. The report highlights strong participation levels and a growing appetite to engage with projects, but there is clearly a need for better knowledge sharing to ensure landholders have all the information they need to form informed views and make informed decisions. More >> Source: Carbon Market Institute | ||
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