The CEFC has committed up to $30 million to a hybrid sustainable grazing model, with the goal of delivering carbon credits alongside enhanced biodiversity protection and sustainable red meat production.
The Wyuna Regenerative Agriculture Investment Fund (the Fund) has also secured a $30 million commitment from global industrial property company Goodman Group, and $5 million from the Wyuna Founders.
Asset manager Wyuna Regenerative Agriculture (the Manager), co-founded by GreenPoint and Steve Green, undertakes large-scale regeneration with a focus on carbon sequestration, sustainable food production and improved biodiversity. As part of the Fund’s strategy, the Manager will seek to generate high-quality land-based Australian Carbon Credit Units (ACCUs), by changing, reducing or removing factors that suppress vegetation growth, including from land clearing and over grazing.
CEFC Investment Director Michael Di Russo said: “We are pleased to be working with Wyuna, GreenPoint and the Goodman Group in demonstrating the potential of negative emissions activities. The Fund will show how primary producers can tap into the growing demand for carbon credits as investors and businesses pursue increasingly ambitious sustainability goals.
“Co-locating sustainable livestock production with high integrity carbon projects creates operational and environmental synergies. The creation of an ACCU revenue stream can strengthen on-farm financial resilience while also delivering broader biodiversity and sustainability co-benefits for farming communities.”
Wyuna co-founder and CEO Steve Green said: “The Fund represents an incredible opportunity to support land regeneration, sustainable food production, and land-based solutions to remove carbon from the atmosphere by bringing together a dedicated team of farmers, investors and sustainability experts.”
The Manager is seeking to expand the Fund’s existing 100,000-acre landholding to 500,000 acres. Its sustainable land management strategies will include ‘responsive grazing’ strategies, satellite monitoring of ground cover and feed availability, state-of-the-art imaging technology to monitor vegetation and biodiversity improvements, and a focus on improving soil carbon across rangeland areas of Australia.
Agriculture represents about 12 per cent of Australian greenhouse gas emissions. The $17.6 billion Australian red meat and livestock industry is aiming to be carbon neutral by 2030 and according to the CSIRO, the sector’s contributions to national emissions more than halved between 2005 and 2019.
The CEFC has backed efforts by the Paraway Pastoral Company, one of Australia’s largest pastoral operators, to cut livestock-related emissions. Paraway will trial altered herd management and genetics selection, changes to feed additive and farm practices, vegetation management and enhanced emissions measurement.
We're seeing more ag-green energy farms popping up as individuals and private industry commit to greenhouse gas emissions - is this the future of Australian sustainable ag? What do you think?
Article Attrition: Mirage News
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