The federal government has published its plan detailing expectations of carbon emissions reductions by 2030, by sector.
But the document itself covers seven industries: oil and gas, transport, buildings, electricity, heavy industry, waste, and agriculture.
The entire plan is earmarked to cost about $9.1 billion, though the full costing of today’s announcement doesn’t equal that number, it was also pointed out.
There will be incentive for all industries to develop and adopt clean technology on the way to net-zero emissions.
In addition to the $900 million for agriculture-focused projects, $780 million will be dedicated to the Nature Smart Climate Solutions Fund to deliver additional emission reductions from nature-based climate solutions.
Farmers will be provided incentives to adopt on-farm practices such as rotational grazing, cover cropping, regenerative agriculture, nutrient management, manure management, and agroforestry.