The Emissions Reduction Fund (ERF) is a voluntary scheme that enables participants to earn Australian Carbon Credit Units (ACCUs) through activities that store carbon or reduce greenhouse gas emissions. The types of projects available to the land sector include increasing soil carbon, reducing livestock emissions, expanding opportunities for environmental and carbon sink plantings, and reforestation. Carbon sequestration projects generate greenhouse gas abatement by removing carbon dioxide from the atmosphere by storing it in plants and soil.
These projects may include the following activities:
Protecting native forest or vegetation that is at imminent risk of clearing
The ERF is enacted through the Carbon Credits (Carbon Farming Initiative) Act 2011, the Carbon Credits (Carbon Farming Initiative) Regulations 2011 and the Carbon Credits (Carbon Farming Initiative) Rule 2015.