Supporting Government Policy -

The Queensland Land Restoration Fund.

The Queensland Government’s $500 million Land Restoration Fund (the Fund) aims to expand carbon farming in the state by supporting land-sector projects that deliver additional environmental, social and economic co-benefits. The Fund will invest $100 million in carbon farming projects during Round 1 in 2020. Accounting for Nature has been chosen as the framework for which environmental co-benefits from projects must be verified before the Fund can provide co-benefit payments. Proponents to the Fund will use the Accounting for Nature® Framework to measure and verify the change in environmental condition across approximately 1.5 million hectares of land – much of which is related to co-benefits arising from indigenous fire management. Recently, Accounting for Nature presented at 17 workshops across Queensland where specialists from government, industry and the carbon farming sector will explain the application process and provide information on the first investment round so attendees can start putting together applications for carbon farming projects in Queensland.