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How to best respond to a changing climate, continues to dominate the political agenda. A week ago, the Australian Labor Party announced its support for an economy-wide, net-carbon neutral-by-2050 goal or CN2050.

The target is to date not supported by the Federal Government but does have the backing of each State and Territory Government. Influential industry groups such as the Business Council of Australia and the Australian Industry Group of are also supportive. With Parliament sitting in Canberra this past week, the focus turned to agriculture’s position on CN2050.

What is net-zero emissions by 2050 all about?

Carbon neutrality, or achieving a net zero carbon footprint, refers to achieving net zero carbon dioxide emissions by balancing carbon emissions with sequestration or by reducing carbon emissions.

Net zero emissions means that, by 2050, every tonne of CO₂^e- released into the atmosphere has to be mitigated or matched? d. Its important to note that For Australia CN2050 is an economy wide construct, that is were it fully supported, we would have one national assessment, not sector by sector. All sectors of the economy would be tallied up and all sectors would have to contribute to the mitigation/reduction efforts.

For agriculture, a sector that both emits and sequesters CO₂^e- this could mean improving soil carbon sequestration, reducing food waste, and boosting bioenergy. It could also mean that there is a potential win for farmers to be paid for continuing to manage land and help with sequestration efforts.

Where are we at now?

Australia’s current target to tackle climate change is to make a 26-28% reduction from the nation’s 2005 levels. This target was set as a consequence of the Paris Climate Agreement

Current projections show that in 2030 Australia’s emissions will be 16% lower than in 2005. Australia is expected to reach its 2030 targets by counting the quantities of carbon already reduced under the previous international climate agreement, the Kyoto Protocol.

The Government’s Climate Solutions Fund is the Government’s main policy to help businesses and farmers reduce emissions. In 2019, an additional $2 billion was allocated over 15 years to further the success of the Emissions Reduction Fund.

Where does agriculture stand?

Agriculture has been front and centre of the national conversation about whether Australia should target net zero carbon emissions by 2050.

Opposition Leader, Anthony Albanese put the spotlight on farming when he told the ABC’s Insiders program last Sunday that under a Labor Government, agriculture would be included in an economy-wide carbon neutral by 2050 target. This is a very different discussion to an earlier debate where agriculture was exempt from a carbon tax.

The ³Ô¹ÏÍøÕ¾ Farmers’ Federation completed a for the industry for agriculture to be a $100 billion industry by 2030, up from about $60 billion today. The Roadmap, includes an aspiration for the whole farm sector to be trending towards carbon neutrality by 2030. A key Part of that journey is to establish sector plans by 2025.This will allow the industry to improve on the current research and underpin a specific plan to achieve the goal of trending to carbon neutrality by 2030.

The NFF’s Climate Policy does not currently reference any 2050 target.

“Agriculture is in the unique position of having the significant potential to contribute to the abatement of national emissions, as well as having a job to do to lower the industry’s emissions,” ³Ô¹ÏÍøÕ¾ Farmers’ Federation CEO Tony Mahar said.

“Agriculture is already the only sector of the Australia economy that has consistently reduced its emissions intensity and net emissions in the past decade.

Mr Mahar said the 2030 Roadmap identified the need to work with the industry’s many diverse commodities and production systems to develop plans to reduce emissions while growing productivity.

“Many parts of agriculture are well advanced on this front.

“There is significant work being done across the industry to reduce agriculture’s carbon footprint from developing new genetics to breed cattle that produce less methane to using pig effluent to grow algae and produce electricity. Major machinery manufacturers have all committed to fuel systems that are better for the environment. This is important as energy is a major component of the agricultural cots base, in dollar and carbon terms, improved energy emission profile assist agriculture’s outcome.

However, Mr Mahar said the farm sector required more detail before it could fully consider supporting CN2050.

“The NFF would have great difficulty supporting any target and/or proposals that would put the competitiveness or ongoing growth of major farm sectors at risk.

“For a CN2050 to be feasible for agriculture we need enhanced public investment in research that, for agriculture delivers on-farm carbon and productivity outcomes.

“Productivity cannot afford to be compromised.”