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Climate Solutions Fund > At a glance

At a glance

The Australian Government has established the Climate Solutions Fund to continue purchasing low cost-abatement and build on the success of the Emissions Reduction Fund. It aims to deliver a step change to the offsets market in Australia by boosting the supply of Australian carbon credit units (carbon credits).

The Climate Solutions Fund offers landholders, communities and businesses the opportunity to run new projects that reduce or remove greenhouse gas emissions from the atmosphere.

In running a Climate Solutions Fund project, you can earn carbon credits and sell them to the Australian Government, or to businesses and other private purchasers. Each carbon credit represents one tonne of carbon dioxide equivalent greenhouse gas emissions stored or avoided.

How are we implementing the Climate Solutions Fund?

The Clean Energy Regulator is simplifying participation in the Climate Solutions Fund. We are working to streamline administration and reduce transaction costs, while maintaining scheme integrity.

  • We are working with local communities to explain and promote the benefits of participating in the Climate Solutions Fund through roadshows and other events across Australia.
  • We are providing clearer information on our website that is easy to find.
  • We are collaborating with industry to develop simple method guides and other tools to simplify participation and explain our legislative framework.
  • We are working to attract and promote new sources of finance for Climate Solutions Fund projects.
  • We are exploring ways to:
    • Increase participation from small farmers, state governments and Australian businesses.
    • Increase visibility of the co-benefits from carbon abatement projects (like using indigenous traditional knowledge on-country and biodiversity benefits).
    • Reduce barriers to participation for industrial facilities.
  • We are publishing quarterly carbon market reports to improve transparency and highlight opportunities. For the latest market update, see the Quarterly Carbon Market Report.
  • We are partnering with Australian businesses to drive innovation in emissions reduction.
  • We are exploring ways to streamline scheme administration and audits, reducing complexity and compliance costs for participants.
  • We are developing a suite of ICT tools to make participation easier.

The Climate Solutions Fund is enacted through the Carbon Credits (Carbon Farming Initiative) Act 2011, the Carbon Credits (Carbon Farming Initiative) Regulations 2011 and the Carbon Credits (Carbon Farming Initiative) Rule 2015.

The Department of Industry, Science, Energy and Resources is responsible for Climate Solutions Fund policy design and oversight. This includes the enabling legislation as well as methods, which outline the emissions reduction activities available across different sectors.

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