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�The Land Restoration Fund��

John Prescott

Principal Program Officer

Natural Capital Investment and Contracts

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Acknowledgement of Country

I would like to acknowledge the Larrakia people, the traditional custodians of the land on which we are meeting, and pay my respects to their Elders, past and present.

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I would also like to extend my respects to all Aboriginal and Torres Strait Islander people here today.

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The Land Restoration Fund

  • Grow a pipeline of carbon farming projects in Queensland

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  • Buy environmental, socio-economic and First Nations co-benefits

 

  • Support research and development of new carbon abatement methods where Queensland landholders may have a comparative advantage

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What are Co-benefits?

Environmental Co-Benefits​

3.3.1 Soil health​

3.3.2 The Great Barrier Reef​

3.3.3 Wetlands​

3.3.4 Coastal ecosystems ​

3.3.5 Threatened ecosystems​

3.3.6 Threatened wildlife​

3.3.7 Native vegetation​

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Socio-economic Co-benefits​

4.1.1 Employment and skills benefits​

4.1.2 Local community benefits​

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First Nations Co-benefits​

5.1.1 First Nations benefits based on location​

5.1.2 First Nations benefits based on participation​

Co-benefits are additional positive environmental, socio-economic and First Nations outcomes that can be delivered by carbon farming projects.

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The Financial Value of Co-Benefits

Claiming co-benefits with the LRF adds an extra revenue stream to carbon farming projects, making possible projects that may otherwise not be financially feasible

Break even line

ACCU

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Co-benefits

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Carbon farming investments

Projects

  • 28 projects contracted in total
  • 7 pilot projects
  • 13 projects under Investment Round 1
  • 8 projects under Investment Round 2
  • $85m investment in carbon farming projects*

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First Nations

  • 10 projects with First Nations co-benefits
  • Methods include:
    • Savanna burning
    • Human induced regeneration
    • Reforestation
  • $58m investment in carbon farming projects with First Nations co-benefits*

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Distribution of LRF contracted projects

Round 1 in Green

Round 2 in Orange

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Upcoming in 2024

Announcement of new Queensland carbon projects funded by the Land Restoration Fund

Support the implementation of ICIN’s marketing and branding strategy for Indigenous-owned carbon projects

Support rollout of the Carbon Farming Outreach Program in Queensland

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www.qld.gov.au/landrestorationfund