The Department of Climate Change and Energy Efficiency has outlined a new offsets methodology that may provide livestock producers with new opportunities to earn carbon credits for reducing methane emissions.
Released by the Domestic Offsets Integrity Committee (DOIC), the new offsets methodology is the second under the Carbon Farming Initiative designed to provide livestock producers with opportunities to generate income by better managing manure to reduce emissions.
Established last year, the Carbon Farming Initiative (CFI) allows farmers and land managers to earn carbon credits by storing carbon or reducing greenhouse gas emissions on the land. These credits can then be sold to people and businesses wishing to offset their emissions.
Under the 'Methodology for the Destruction of Methane from Piggery Manure Using Engineered Biodigesters', pork producers can capture and destroy methane emissions, preventing them from entering the atmosphere.
Parliamentary Secretary for Climate Change and Energy Efficiency, Mark Dreyfus, explains that "farmers can trade the offsets they generate for carbon credits, which can then be sold to other businesses - generating extra revenue for farmers and land managers across Australia."
The new offsets methodology is the result of a collaboration between Sunpork Commercial Piggeries and the Australian Government, building on the previously approved methodology for the 'Destruction of Methane Generated from Manure in Piggeries.'
Once approved, the Department of Climate Change and Energy Efficiency suggests this methodology could be adapted for use across a range of intensive livestock industries.