How to unlock $4.4b on the cattle industry’s road to net zero

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Financial incentives to help farmers plant trees was the best way to reduce carbon emissions from Queensland’s beef industry says charity WWF.

to help graziers plant more trees is the best way to reduce carbon emissions in Queensland’s beef industry, according to a new report., a new report commissioned by environmental charity the World Wide Fund for Nature found a “carrot” rather than a “stick” approach would achieve the best outcomes.Cattle exports are Queensland’s second-largest value export industry after coal and there are growing concerns the push to cut carbon emissions and stop deforestation could adversely affect the $5.

“Market mechanisms, accompanied by land management regulations, would allow graziers to be recognised and rewarded for environmental stewardship,” the report found. Under EY’s “carrot” pathway, total land clearing in Queensland would decrease from 190,000 hectares in 2019 to about 90,000 in 2030, while 80 per cent of total emissions would be sequestered through undertaking carbon farming projects .

. But the scheme which includes paying farmers for growing more trees or companies becoming more energy efficient has been retained by the Albanese Labor government. WWF Australia project manager Vanessa Keogh said up to 68 million tonnes of carbon dioxide equivalent could be sequestered through carbon farming projects, along with 16 million tonnes of avoided emissions through reducing vegetation clearing.

 

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