“The Government of Western Australia is seeking applications for its Carbon Farming and Land Restoration Program (CF-LRP) to realise agriculture’s potential to sequester carbon in the landscape and contribute to growing the WA carbon market.
The program will increase the uptake of carbon farming projects, enhance the long-term productivity of agriculture, and deliver environmental, social, and economic co-benefits.
Funding decisions for ACCU Plus projects will be made according to the following investment principles:
• Maintain the integrity of farming communities and the WA agricultural industry
• Improve participant knowledge and capability, particularly small to medium farm enterprises and larger businesses yet to engage with carbon markets
• Deliver market diversity, including geographic, project (i.e., carbon sequestration methodologies, type of co-benefits) and participant diversity
• Fund projects that are additional to existing business operations (i.e., would not have occurred without State Government financial support).
Types of ACCU Plus projects
• ACCU Plus carbon farming projects must be located within the South West Land Division, with funding split between two categories:
– ACCU Plus A: Registered Emissions Reduction Fund soil carbon projects in areas with an average rainfall above 350 mm (May – October 2000-2020) and Emissions Reduction Fund registered vegetation projects located within the South West Land Division.
– ACCU Plus B: Registered Emissions Reduction Fund soil carbon projects in an area with an annual average rainfall below 350mm (May – October 2000-2020) located within the South West Land Division.
• Biodiversity and conservation co-benefits
• Agricultural productivity co-benefits
• Soil health co-benefits
• Salinity mitigation co-benefits
• Aboriginal economic and cultural co-benefits
• Tier 1: up to $100,000
• Tier 2: between $100,001 to $250,000
• Tier 3: over $250,000