The Queensland Government is investing $10m in the innovative Reef Credit Scheme – a market-based solution offering a new way to improve the quality of water entering the Great Barrier Reef. More information on the credit scheme can be found at https://www.reefcredit.org/.
The Australian Government recently announced the foundational programs for its $5 billion Future Drought Fund with eight programs starting to roll out from July 2020.
Minister for Agriculture, Drought and Emergency Management, David Littleproud, said in the press release that “The programs have been developed based on expert advice from the independent Consultative Committee, led by Mr Brent Finlay, a fourth generation farmer, as well as valuable input from communities and industry during last year’s national public consultation tour on the Drought Resilience Funding Plan.”
Coutts J&R has been working on programs and projects in the climate adaptation space for a number of years and see the need for funding such as this. It will be interesting to see the projects and initiatives eventuating from this and their future impact on the communities and agricultural industries they are intending to support.
Effective monitoring, evaluation and learning will be vitally important for funded projects to prove the value of the Australian Government’s investment and its impact on rural Australia.
Further information about the Future Drought Fund and its programs can be found on the Drought Fund website.