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.
The federal government will tip an extra $1.8 billion into climate action over 10 years, with a stronger emphasis on hard-to-abate sectors, hydrogen, transport, energy productivity, soil carbon and CCS.
The Coalition says its plan to allocate a tenth of the Clean Energy Finance Corporation's budget for projects that protect the Great Barrier Reef would make it easier for Queensland agribusinesses and utilities to benefit from CEFC support.