Queensland calls for carbon farming applications for its Land Restoration Fund
February 3, 2020
The Queensland Government has called for applications for the first round of investments of its $500 million Land Restoration Fund.
The fund aims to expand carbon farming in Queensland by supporting land-sector projects that deliver additional environmental, social and economic co-benefits.
Following pilot rounds, the $100 million first round of funding will support farmers, land managers and landholders in developing carbon farming projects that will generate additional, regular and diverse income streams as well as benefits such as healthier waterways, more habitat for threatened species, and more resilient landscapes.
CSIRO has developed a web tool, LOOC-C, which calculates landscape options and opportunities for carbon abatement and can assist land managers to decide which methods will be most suitable for their property.
Projects will be independently assessed by scientific and commercial experts and will be evaluated against the published criteria.
An independent Investment Panel is being appointed which will select the portfolio of projects which meet the Fund’s objectives.