Queensland landholders interested in developing a new carbon farming project or entering the carbon farming industry can apply to the Land Restoration Fund (LRF) following a streamlined two-stage application process.
The LRF contracts carbon farming projects that deliver Australian Carbon Credits and additional environmental, socio-economic and First Nations outcomes, known as co-benefits. These co-benefits help to create regional jobs, provide habitat for threatened species and improve the health of our land and waterways.
In its Investment Round 1, the LRF invested about $92 million in carbon farming projects. As part of Investment Round 2, the LRF is investing $25 million in carbon farming projects, with up to $5 million in funding available per project. Investment Round 2 focuses on:
Applications are open for the LRF Investment Round 2, with deadlines for the two-stage application process as follows:
For more information about the application process and to apply, visit the Queensland Government website.
The Carbon Farming Advice Rebate Program (CFAR), administered by the Queensland Rural and Industry Development Authority, provides rebates of up to $10,000 to help cover the costs of carbon farming advice received from a LRF approved adviser.
Approved advisers provide advice within their area of expertise tailored to each landholder's circumstances and property. They may be able to assist landholders with information about:
Applications under the current round of CFAR close on March 31, 2022 (or earlier if funding is fully allocated).
To learn more, see the LRF and CFAR guidelines.
Authors: Gerard Timbs & Nicola Nearhos
The information in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, we do not guarantee that the information in this newsletter is accurate at the date it is received or that it will continue to be accurate in the future.