Incentives are being offered to landowners in eight municipalities across Tasmania’s north to undertake native tree planting to improve on-farm biodiversity as part of the Australian Government’s Carbon + Biodiversity Pilot. Source: Timberbiz
The pilot, developed with the Australian National University, has been launched through the Australian Government’s $34 million commitment to biodiversity stewardship on farms.
The NRM North region is one of only six in the country chosen to take part in the trial that will reward participating farmers with payments and carbon credits. Carbon credits will be available for the carbon dioxide sequestered in the plants, and cash payments for the biodiversity benefits they provide.
Webinars to explain how the pilot works will be run by NRM North’s Land Program Manager Adrian James. He said the pilot is an exciting and innovative opportunity.
“It is fantastic to see a market-based approach that not only encourages biodiversity on farms but has climate outcomes front of mind,” he said.
Mr James said the pilot will lead to improved biodiversity and climate outcomes and create a new income opportunity for farmers.
“NRM North is excited to support the trial program. It is a win-win as farmers can receive payments for biodiversity and carbon credits, while also creating shelter for crops and livestock.”
Plantings established under the scheme must be protected and maintained for at least 25 years. Once registered, the projects will be subject to normal carbon offset requirements.
Applications close on 11 June 2021.
The same incentives are open for other states with information at www.agsteward.com.au
For more information specifically about Tasmania visit www.NRMNorth.org.au
