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Transition to the Emissions Reduction Fund

06 August 2015
CFI ERF

If you're running an eligible offsets project in the Carbon Farming Initiative, have applied to run a project or are thinking about a project using a Carbon Farming Initiative method, the following information will help you understand what you need to know now the Carbon Farming Initiative has moved to the Emissions Reduction Fund.

Contents

I'm already running an eligible Carbon Farming Initiative project

When the Emissions Reduction Fund started, your project automatically became an Emissions Reduction Fund project.

What does that mean for my project?

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I've applied to run a Carbon Farming Initiative project, but it's not yet declared eligible

If your project was not declared eligible before the Emissions Reduction Fund started, you automatically became a transitional ERF applicant and your project application will be assessed under the rules of the Emissions Reduction Fund, with some adjustments.

What are the adjustments for these projects?

  • Projects do not need to be new.
  • Projects can be backdated in line with the rules allowed by the Carbon Farming Initiative method you have chosen to use.
  • If you are a Recognised Offsets Entity under the Carbon Farming Initiative, that 'fit and proper person test' will satisfy the Emissions Reduction Fund entry requirements.

Read more about transitional ERF applicants.

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I haven't submitted an application, but I am interested in running a project using a Carbon Farming Initiative method

You can apply to run a project using a Carbon Farming Initiative method until 1 July 2015.

If you apply before 1 July 2015

You automatically become a transitional ERF applicant and your project application will be assessed under the rules of the Emissions Reduction Fund, with some adjustments.

What are the adjustments for these projects?

  • Projects do not need to be new.
  • Projects can be backdated in line with the rules allowed by the Carbon Farming Initiative method you have chosen to use.
  • ​If you are a Recognised Offsets Entity under the Carbon Farming Initiative, that 'fit and proper person test' will satisfy the Emissions Reduction Fund entry requirements.

Read more about transitional ERF applicants.

What happens after 1 July 2015?

If you've already started an activity and have not submitted an application for a project, you won't be able to participate in the Emissions Reduction Fund whether you use a Carbon Farming Initiative or an Emissions Reduction Fund method.

This is because your project would not be considered new.

What if I haven't started the activity?

  • You can apply to conduct an Emissions Reduction Fund project using a Carbon Farming Initiative method or an Emissions Reduction Fund method.
  • It is important to note that after 1 July 2015 - Carbon Farming Initiative methods will be assessed under the rules of the Emissions Reduction Fund.

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Transitioning from the CFI to the ERF kit

Documents for download

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