A new sustainable agriculture accreditation program in NSW's Budget could unlock up to $10 billion in ESG financing for farmers, according to the state government.
A new pilot program will enable farmers who plant native species to generate dual income streams in recognition of the biodiversity and carbon abatement benefits.
HSBC and climate change advisory firm Pollination Group plan to raise US$6 billion for investment in nature-based projects and Australia is likely to attract a significant portion, according to Pollination co-founder Martijn Wilder.
A new Western Australian pilot program will provide state government funding to projects that create carbon credits by protecting biodiversity in national parks and reserves.
The Palaszczuk government has started work on a $500 million fund to support land-based carbon offset projects, and has introduced a new bill to tighten controls on clearing.
The Queensland Government today sought to stave off a World Heritage 'in danger listing' for the Great Barrier Reef after the defeat of its land clearing bill.
AGL has contracted to buy carbon credits created from tree plantings in Western Australia that have been certified under a well-known international offsets scheme.
Big emitters should realise it is in their own interest to back robust native vegetation protection laws, according to biodiversity expert Professor Hugh Possingham.