Coalition Moves to Halt Labor’s Carbon Land Grab Plan

Australia’s Coalition plans to introduce legislation preventing the Clean Energy Finance Corporation from financing agricultural land acquisitions intended for tree planting and carbon offsets. It also proposes abolishing Labor’s net-zero laws and what it calls carbon taxes. The announcement follows a A$142 million investment in Tasmania’s 21,745-hectare Rushy Lagoon property, including A$69 million from the CEFC. Around 9,000 hectares may become pine plantations. Coalition leaders argue taxpayer-backed carbon investment could displace farming, weaken food security and inflate land prices. However, project proponents describe the land as marginal and say the project will combine commercial forestry, conservation, ecological restoration and sustainable grazing, while producing timber, jobs and Australian Carbon Credit Units. The proposal remains an opposition legislative initiative, not government policy.
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