Join us at the Developing Northern Australia Conference this month, held at the Pullman Cairns International over the 19-20th July.
Mr Rowan Foley, General Manager of the Aboriginal Carbon Fund will be at this year’s conference, presenting on the topic of “Carbon farming agribusiness in Far North Queensland”.
Carbon farming has developed over the last five years as a sustainable agribusiness now generating over $36m pa for land holders (Aboriginal and non-Aboriginal) in Cape York 2016.
A new economy is being built on Aboriginal lands and direct investment in the management of these lands is now possible.
The new agribusiness is a young and vibrant industry with broad appeal to land holders as another income stream and aids to minimize the risks of wildfires. As with any new industry emerging there are many challenges and a great deal of establishment work required.
The normal supply and demand principles apply to carbon farming, as well as other industry standards such as training, risk assessment and value adding. This has confused many observers who can’t differentiate between business and politics.
The Australian Carbon Credit Units (carbon credits) generated largely from applying the savanna burning methodology can be traded in the Emissions Reduction Fund (ERF) and/or in the voluntary market to corporations and individuals.
The carbon credits traded with social, cultural and environmental co-benefits can add a premium to the price. This is a natural fit with many Aboriginal rangers and Traditional Owners and investors are keen to develop relationships.
The Aboriginal Carbon Fund is nurturing the development of the industry and actively promotes the trade of Aboriginal generated carbon credits.