What are the realistic expectations for making money out of carbon credits in vineyards? *

摘要

Earning carbon (C) credits in agricultural systems first came to prominence with the Federal Government's legislation establishing the Carbon Farming Initiative (CFI) in 2011, which in 2013-14 had a mandated C price of $24.15 per tonne (t) of C02-equivalent (C02-e). However, with the change in government in 2013, the CFI was absorbed into the Emission Reduction Fund (ERF) that was established in 2015 and involved a reverse auction by those applying for C credits. Over the eight auctions that have been held up to December 2018, the average value of a C credit is just over $12 per t C02-e.