The Australian Government has committed to reducing its greenhouse gas (GHG) emissions by 26.28% below 2005 levels by 2030. The Emissions Reduction Fund (ERF), a center-piece of Australia's climate change policies, provides incentives to reduce GHG emissions through economy-wide eligible activities, such as energy efficiency, waste management, revegetation, livestock management and savanna fire management. Emissions Reduction Fund methods define eligible activities, how to quantify abatement resulting from the activity and the required compliance measures.
The requirements for developing ERF methods that quantify GHG abatement estimates resulting from eligible activities are described. Leucaena planting is used as an example. For an ERF method to be made and maintained, the activity must meet all the legislative requirements. This includes meeting the offsets integrity standards and having regard to any adverse environmental, economic and social impacts.