[MEDIA STATEMENT] CMI welcomes the National Farmers’ Federation’s economy-wide aspiration of net-zero emissions by 2050

bradkerin Media Release

The Carbon Market Institute (CMI) welcomes the National Farmers’ Federation’s (NFF) economy-wide aspiration of net-zero emissions by 2050. The NFF joins a growing list of business, sectors and governments that support Australia having this goal.

“This is a strategic and sensible direction from the agriculture sector which is at the frontline of climate risks, but also of opportunities in carbon farming, clean energy and other technologies that will be a part of this economic transition,” said John Connor, CMI CEO.

“As NFF’s new climate change policy notes, ‘a number of agricultural sectors will be on a more rapid implementation trajectory’ than 2050.”

“NFF’s own $100 billion 2030 Roadmap has a goal of agriculture trending towards carbon neutrality by 2030. The red meat sector, for example, is already substantially investing in its carbon neutral by 2030 program.

“NFF is right to be seeing carbon neutrality as a matter of competitive advantage but also of productivity and prosperity.”

“A number of carbon farming activities can improve crop and herd productivity while also adding new revenue streams.”

“Our own Carbon Farming Industry Roadmap identified that by 2030, with strong targets and policies, carbon farming projects could deliver up to $24 billion in revenue and up to 21,000 direct and indirect jobs.”

“We look forward to working with NFF and national and state governments to expand the opportunities for the agriculture sector in the broader task of achieving net-zero emissions across the broader economy.”

“CMI is calling for the Australian Government to combine land and climate repair in its post COVID-19 recovery and technology roadmaps. Australia should join New Zealand, the UK, the EU, Germany, Finland and Italy where recovery plans are focused on cutting greenhouse gas emissions as well as boosting economies.  

“The Australian Government can build on its Climate Solutions Fund with an additional $1 billion 5-year Land and Environment Investment Fund (LEIF) that can work with agencies like CEFC and ARENA to support innovation, attract large scale investment, streamline regulation, reward ecosystem services, build resilience and promote climate solutions for farmers and other land managers,” concluded Mr Connor. 

The Carbon Market Institute is the independent peak industry body at the centre of business and climate action. CMI has more than 75 corporate members and speaks for business leading the transition to a net-zero emissions economy.

To interview CMI CEO John Connor contact Clare Price 0490 252 743 clare.price@carbonmarketinstitute.org