Agricultural land could be the focus of an “economic opportunity of unparalleled scale”, according to the Wentworth Group of Concerned Scientists, which has called for a re-write of emissions trading legislation to properly recognise “terrestrial carbon”.
In a discussion paper released earlier this week, the Group argues that by focusing on terrestrial carbon sequestration as a solution to climate change, Australia can simultaneously address many of its most pressing environmental challenges.
Terrestrial carbon includes carbon stored in forests, woodlands, swamps, grasslands, farmland, soils, and derivatives like biochar and biofuels.
“We’re about to create a multibillion dollar terrestrial carbon market, and that has the potential to radically change our rural landscapes,” said Wentworth Group director Peter Cosier.
“We have to maximise the benefits and minimise the consequences.”
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Queensland Country Life
