State funds to develop carbon markets will fuel sustainable land management

Updated July 4 2022 - 1:20pm, first published March 24 2022 - 12:00am
The Primary Industries Productivity and Abatement Program includes $52m to develop market and industry foundations, including trusted and transparent data, metrics and frameworks to assess carbon and biodiversity outcomes, $72mn to build critical mass and capacity, including incentives for land managers to reduce emissions at scale.

State funding designed to future-proof farming by developing carbon markets and key assessment framework aims to "strengthen economic and climate resilience in our regions," says deputy Premier and Minister for Regional NSW Paul Toole who this week announced the $125 million Primary Industries Productivity and Abatement Program.