Get set for a "Carbon Windfall"

The farm sector is poised for a "carbon windfall", according to ma report in Stock & Land, June 22, 2006

"A NATIONAL emissions trading scheme has the potential to pour more than $600 million into Australian farm coffers over five years," says Farm Online. "A new report on the implications of a trading scheme for the farm sector found that even at conservative prices of $6-$10 per tonne of CO2 equivalent (tCO2e), the ability to trade emissions offsets created from improved farm practices could deliver between $360 and $600m in revenue over five years."

At prices around the level of the spot market operating under the NSW Greenhouse Gas Abatement Scheme, the potential revenue windfall would be double that.