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Australia Studies Ways for Farmers to Develop Carbon Offsets, Earn Credits

| Sourced From Bloomberg |

Australias government will study rules for farmers to receive credits for steps that reduce or store carbon dioxide emissions, such as planting forests, the Minister for Climate Change and Energy Efficiency said.

The government set up a panel to establish terms for farmers to qualify for the credits, which can then be sold in Australian or international carbon markets, Greg Combet said in an e-mailed statement today.

Activities including reforestation, capturing emissions from landfill sites and improved management of livestock manure may qualify for credits, the minister said. The plan is known as the Carbon Farming Initiative. The committee is due to report back in the first half of next year.

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