The Morrison Government has made it easier for farmers and industry to develop high integrity carbon offsets and to take part in the Emissions Reduction Fund (ERF) through finalising new ERF methods.
The new methods will give farmers, businesses and industries the ability to earn revenue through projects which will help Australia achieve its emissions reduction targets. The new methods cover blue carbon, plantation forestry, abatement from industrial and commercial processes, and biomethane.
The forest and timber industry in the Murray Region Forestry Hub area continues to play a major role in the rural and regional economy despite the impact of the disastrous 2019‐20 fires. Prior to this fire event, the industry provided around $1.3 billion annually in direct economic output, and directly employed nearly 2,500 people. In addition, around 4,500 people held indirect jobs that were dependent on the industry in the South West Slopes Forestry Hub region1. As of 2021, the industry employed slightly over 2,100 people2, including around 200 pulp and paper workers who were made redundant due to the closure of the Norske Skog Albury mill3. The economic consequences of the fires are still being assessed, but the industry remains a vital component of the socio‐economic fabric of communities in the Hub region.
Purpose of Report This report, commissioned by the Murray Region Forestry Hub, presents the findings from Stage 1 of a […]
The team at MRFH are dedicated to keeping you informed about the developments, challenges, and opportunities in this vital sector […]
SUMMARY The purpose of this report is to document the potential future impacts of climate change on the optimal areas […]
This report is part of a larger project examining the social and economic contribution of the softwood forest industry within the Murray Region Forestry Hub area (Mylek et al. 2023). It examines the challenges experienced by softwood forest businesses in recent years, lessons learnt from these experiences, business innovations, business needs moving forward and how businesses can be supported to achieve these needs.