Others(Climate adaptation measures)

Emissions Reduction Fund: The Emissions Reduction Fund is a voluntary scheme that provides incentives for industry, businesses, land owners, state and local governments, and other organisations to adopt new practices and technologies to reduce emissions across the economy. Participants can earn Australian carbon credit units for every tonne of emissions reduced or stored through a project. Businesses can sell carbon credits to generate income, to the Australian government through an auction, and/or on the voluntary market. Some of the emissions reduction methods under the Fund encourage storing carbon in the landscape, for example through revegetation, reforestation and changed soil management practices. In Northern Australia, Indigenous land owners and pastoralists earn carbon credits by implementing better fire management in savanna landscapes. As at 31 December 2020, more than 88 million carbon credits had been issued to over 900 registered projects from across Australia.

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