Australia targets farmers in planned CO2 trade market

CANBERRA, Nov 22 (Reuters) - Australia on Monday moved closer to setting up a carbon offsets market that would reward steps by farmers, foresters and landholders to reduce greenhouse gas emissions.

Land use, including agriculture, accounts for 23 percent of Australia's greenhouse gas emissions.

The government released guidelines for the scheme that it hopes would start ahead of a decision expected in about a year on a national price on carbon emissions aimed at pushing other sectors, such as power generators, to rein in their emissions.

Climate Change Minister Greg Combet wants the offsets scheme, known as the Carbon Farming Initiative (CFI), to start from July 1, 2011, to allow farmers, foresters and landholders to access carbon credits on domestic and international carbon markets. The government will accept submissions until Jan. 21, 2011. The Greens broadly support the plan, but Combet could struggle to pass the scheme before July 2011 without opposition support.

Source: af.reuters.com...

reply to post by ironfalcon

Explanation: S&F!

Personal Disclosure: Just let them use their OWN grown produce which oh yes stores freaking carbon as their OWN carbon credits..or at least count them towards the total! To do otherwise would be an UNFAIR FAIL!

P.S. OL lives in Canberra and ORDERS the Australian Government AND entire PARLIAMENT to BE FAIR!

..... OR ELSE!

This CO2 trade market is spearheaded by the globalist elite controlled Australian government, in league with the climate change hoax agenda.

The end result would be detrimental to the farmers in the end.

Australia has been a net exporter of food, particularly wheat, and has been so since when Federation?

The last thing we want is for Australia to become a net food importer.

Who stands to gain from the carbon trade scheme? The globalists!!!