Gillard government scheme as part of its CEF package, trying to tackle the thorny question of agricultural/land-clearing emissions.
The Carbon Farming Initiative (CFI) allows farmers and land managers to earn carbon credits by storing carbon or reducing greenhouse gas emissions on the land. These credits can then be sold to people and businesses wishing to offset their emissions.
The CFI also helps the environment by encouraging sustainable farming and providing a source of funding for landscape restoration projects.
The CFI is a legislated offsets scheme. The Carbon Credits (Carbon Farming Initiative) 2011(link is external) (CFI Act) was passed by Parliament on 23 August 2011 and received royal assent on 15 September 2011.
Regulations to underpin the operation of the CFI(link is external), the ANREU(link is external) and to amend the NGER Regulations(link is external) to allow CFI audits came into force on 8 December 2011.
Amendments to the CFI regulations(link is external) came into force on 29 May 2012.
See Pearse, R. 2015.