Project vision: to enable farmers to participate profitably in greenhouse gas mitigation and maximise the benefits to the land from carbon markets
Can you imagine carbon markets not only supporting Australia in addressing climate change but also boosting livelihoods and leading to great environmental outcomes? Australia’s carbon markets could help farmers achieve best management practices, steward the land and supplement farm incomes. Individually, Australia’s 140,000 farmers are small but collectively results could be large.
A typical farming enterprise does have opportunities to manage or increase vegetation, boost soil carbon, avoid methane and nitrogen emissions, and improve energy efficiency. Together, these farm carbon opportunities have huge abatement potential for Australia.
Despite strong interest in carbon markets and the Government’s Emissions Reduction Fund and Carbon Farming Initiative, uncertainty about risk versus value, transactional costs and lack of trust are a deal breaker for most commercial farmers.
With tools to make informed decisions, lower market barriers and a way to reduce transaction costs, carbon farming could become a significant component of Australia’s overall emissions reduction efforts into the future.
At Digiscape, to help make this happen, we are using some existing clever analytics and high-tech decision tools, and developing others as well. We’re also working on the challenges of managing risk and confidentiality, ensuring social appropriateness and boosting confidence in the carbon market.
We want to help build a digital market place where buyers can better uncover and share the stories of how carbon farming is helping Australian farmers.
This project is led by Dr Michael Battaglia.