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The carbon farming initiative: Removing the obstacles to its success

Macintosh, Andrew

Description

In December 2011, the Australian Government introduced the Carbon Farming Initiative (CFI), a project-based, baseline-and-credit offset scheme for emissions and removals from the land use, land use change and forestry, agriculture and waste sectors. The scheme is one of the most robust of its kind, having several innovative design features developed to deal with integrity and perverse impact risks, and promote co-benefits. Despite this, there are a number of issues undermining the capacity of...[Show more]

dc.contributor.authorMacintosh, Andrew
dc.date.accessioned2015-12-13T22:28:43Z
dc.identifier.issn1758-3004
dc.identifier.urihttp://hdl.handle.net/1885/74329
dc.description.abstractIn December 2011, the Australian Government introduced the Carbon Farming Initiative (CFI), a project-based, baseline-and-credit offset scheme for emissions and removals from the land use, land use change and forestry, agriculture and waste sectors. The scheme is one of the most robust of its kind, having several innovative design features developed to deal with integrity and perverse impact risks, and promote co-benefits. Despite this, there are a number of issues undermining the capacity of the CFI to realize cheap abatement opportunities and improve environmental outcomes. This paper provides an overview of the CFI and an analysis of the obstacles to its success. Suggestions for improvements are made, including substituting a flexible permanence period-permanence deduction mechanism for the existing 100-year rule and modifying the risk of reversal buffer and leakage deduction processes to improve returns to project proponents.
dc.publisherFuture Science Group
dc.sourceCarbon Management
dc.subjectKeywords: Environmental outcome; Impact risk; Innovative design; Land use change and forestries; Project-based; Design; Carbon
dc.titleThe carbon farming initiative: Removing the obstacles to its success
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume4
dc.date.issued2013
local.identifier.absfor160507 - Environment Policy
local.identifier.ariespublicationf5625xPUB4065
local.type.statusPublished Version
local.contributor.affiliationMacintosh, Andrew, ANU College of Law, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.issue2
local.bibliographicCitation.startpage185
local.bibliographicCitation.lastpage202
local.identifier.doi10.4155/cmt.13.9
local.identifier.absseo960799 - Environmental Policy, Legislation and Standards not elsewhere classified
dc.date.updated2016-02-24T09:20:44Z
local.identifier.scopusID2-s2.0-84875437919
local.identifier.thomsonID000316777000015
CollectionsANU Research Publications

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