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THE CPRS might be dead or at least in deep freeze but carbon trading opportunities for farmers are likely to emerge as Australia opens up a voluntary emissions trading scheme.
The Federal Government is backing the voluntary market with its National Carbon Offset Standard (NCOS), due to begin on July 1, which will establish government-endorsed benchmarks for trading in emissions credits, but without the strings of heavy government regulation.
For agriculture, the most significant aspect of NCOS is that it allows emissions brokers, research agencies and other interested parties to suggest new approaches to creating tradeable emissions offsets.
Greg Combet, Minister Assisting the Minister for Climate Change, told the Voluntary Carbon Markets Association in a recent address that
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