25 October 2022
Farmers welcome investment in climate and agriculture
Farmers for Climate Action, an organisation representing more than 7000 farmers across Australia, has welcomed many initiatives in the Federal Budget announced tonight.
Farmers for Climate Action CEO Fiona Davis said the budget delivered many investments across climate, agriculture, emissions reduction and rural Australia.
โThe budget delivers big investments in regional renewable energy, something Farmers for Climate Action had called for just weeks ago in ourย Farm Poweredย report about renewables in the regions,โ Dr Davis said.
โIt also delivers funding for emissions reductions in Australian agriculture and other funding direct to farmers.
โWeโre pleased with the $20 billion in low cost finance delivered in Rewiring the Nation. This will assist with transmission to connect the big renewables projects we know will put downward pressure on energy prices.
โWeโre particularly pleased with the $302 million over five years to support the agricultural sector further develop sustainable farming and land management.
โTheย $224.3 million over four years for 400 community batteries across Australia will help take pressure off the grid, and we know storage will be key to delivering reliable, affordable clean energy.
โFarmers for Climate Action has directly called for investment in helping farmers reduce emissions and more investment into asparagopsis, and the $8 million in asparagopsis commercialisation is welcome.
โWe are also pleased to see theย $20 million investment to establish an outreach program to help Australian farmers and land managers to participate in carbon markets and integrate low emission technologies and practices.
โThe $1.9 billionย Powering the Regions Fund to assist industries, regional Australia and communities with the shift to net zero emissions is very welcome and we look forward to working with the government on this.
โThe $15 billion National Reconstruction Fund investment names agriculture as one of seven priorities and we look forward to seeing the detail of that investment.
โWe welcome theย $20.8 million over two years from 2022โ23 to support Australiaโs readiness to respond to drought events, which are of course driven by climate change.โ
Other noteworthy investments include:
- $146 million over five years for ARENA to co-invest in projects to reduce road transport emissions
- $89.5 million over 6 years from 2022โ23 to fund hydrogen refueling stations on key freight routes,
- $39.8 million over 5 years from 2022โ23 to establish a National Electric Vehicle Charging Network to deliver 117 fast charging stations
Farmers for Climate Action does not support taxpayer investments in new coal and gas developments, which drive climate change.
Farmers for Climate Action is a movement of 7000 farmers calling for strong economy-wide climate policies.
Media contacts:
For interviews contact:
Tuesday: Jacqui Street 0498 188 528 /ย media@farmersforclimateaction.
Wednesday: Emily Watkins 0420 622 408 /ย info@farmersforclimateaction.
