The Australian Government is delivering on an election commitment to make it easier for plantation and farm forestry projects to generate carbon credits and access the $2 billion Climate Solutions Fund.
The Government has simplified access to carbon funding for forestry projects across five plantation growth regions, including our South West region.
Minister for Energy and Emissions Reduction Angus Taylor said the Government is committed to supporting forestry jobs by enabling the sector to participate in the Emissions Reduction Fund (ERF).
“Reducing red tape for projects located in the Regional Forestry Hubs will support regional jobs and investment” Minister Taylor said.
“This will make it easier for the private sector to invest in new Australian forestry projects, supporting jobs and reducing emissions.
Federal Member for Forrest and Assistant Minister for Regional Development and Territories Nola Marino said now more than ever it is important that we are focused on creating jobs and supporting regional communities.
“These changes encourage investment in new forestry projects here in the South West.”
“It was in February 2019 that our South West was selected as one of four pilot Regional Forestry Hubs across Australia. The hubs are part of an ambitious plan to deliver a billion new trees across Australia by 2050”.
“Together, this means more trees in the ground and more jobs at a time when they are vital to kick starting our local economy, supporting the families and businesses that rely on forestry jobs as well as open up opportunities for further development in our region”.
Assistant Minister for Forestry and Fisheries, Senator Jonathon Duniam said we should be doing everything we can to create jobs and rebuild communities.
“The forestry industry has said for a long time that the previous regulations had been an impediment to plantation expansion,” Assistant Minister Duniam said.
All ERF projects will continue to be required to meet relevant State Government rules and regulations.
The revised rules follow consultations with farm and plantation industries and other stakeholders, and are in line with recommendations in the Grant King Review.