The federal government's new modelling reveals a different emissions strategy would result in farmers receiving $4.3 billion more a year by 2050, and the fossil fuel sector earning $4.9 billion less.
The federal government's new long-term plan shows it still has high expectations for soil-based abatement, even though hardly any soil carbon credits have so far been issued.
The federal government's plan to introduce a special carbon credit for large emitters could readily evolve into a cap and trade scheme, according to Thomas Hodgson of sustainability consultancy Ndevr.
Federal Energy and Emissions Reduction Minister Angus Taylor will write to chief executives of ASX200 companies and NGER reporters that have made emissions pledges, detailing the ways the government can assist.