19 January 2010

Green Credits, Ecological Credits

Excerpt from Zerofootprint News, 12 January 2010

'Green Credits provide an alternative based on rewarding citizens after they have taken actions to reduce their emissions. For every verified action that a citizen takes to reduce their footprint, they are awarded Green Credits. The credits can become the single currency for all green initiatives. Green Credits replace existing programs of grants and subsidies for carbon reductions, and reward new forms of action. The credits are redeemable as tax deductions - one Green Credit for one tax dollar. The large emitters fund this program via government carbon tax or cap-and-trade programs.'


Reposted in full from Environmental Manager News, 18 January 2010

'The Victorian Govt is encouraging primary producers to tap a potential $3bn-a-year market in ecological credits. The Securing our Natural Future white paper proposes farmers be able to sell credits to private investors for replanting bushland, improving riverbanks and other environmental improvements.

"With studies showing Aust farmers could reap an extra $3bn from new ecological services markets, including carbon markets, we need to ensure our primary producers get their share," Vic environment, climate change and innovation minister Gavin Jennings said. The white paper argues that farmers and other landholders are often not rewarded for their efforts to improve the environment because of a lack of linkages to investors.

It said the Vic Govt would move to establish the legal principles needed for environmental markets, such as ownership and trading rights, and look for opportunities to apply them. Regulations would be improved to encourage corporate and philanthropic investment. Vic Farmers' Federation land management committee chair Gerald Leach said farmers would be willing sellers of environmental benefits generated by their labours.

"It is simply trying to replicate the system farmers have depended on for centuries, of being paid, through a market, to produce food and fibre, now producing other products, such as biodiversity and carbon."

No comments:

Post a Comment

Please leave your comment here. Please note these stories are posted for information rather than for debate; if you wish to disagree with something posted, no problem, but since I post both things that I do and don't support, it would be appreciated if the criticism was about the issue.