ALCA’s submission on the Proposed new requirements for native vegetation regeneration projects under the Emissions Reduction Fund.
ALCA does not support the proposed amendments as they pose a salient risk to improving Australia’s biodiversity and carbon emission reduction outcomes. Further, they significantly limit the income diversification options available to Australian farmers seeking to build their resilience in a changing climate and during times of drought.
Carbon markets provide one of the few avenues to attract significant funding to protect Australia’s unique habitat
and species and native vegetation is an efficient and relative cheap means to store carbon.
