The Department of Climate Change, Energy, the Environment and Water is seeking submissions on a proposed change to the Carbon Credits (Carbon Farming Initiative) Rule 2015 (the CFI Rule).
Under the CFI Rule, plantation forestry and farm forestry projects in high rainfall locations need to meet water interception conditions (the water rule) before they can participate in the Emissions Reduction Fund.
The proposal would repeal section 20AB of the CFI Rule, removing the water rule. This is part of the Australian Government’s commitments to:
- improving carbon farming opportunities
- enabling investment in new timber plantations.
Read more about the proposed changes and submit a response on our consultation hub.
Submissions close 11.55pm AEST on Tuesday 15 November 2022.
Soils and Vegetation, Emission Reduction Fund