The Federal Government has launched a new grants program to support trials of new livestock feed technologies that may increase productivity while reducing emissions from cattle and sheep.
Making the announcement, Minister for Energy and Emissions Reduction Angus Taylor said the Methane Emissions Reduction in Livestock (MERiL) grants program will provide grants of between $500,000 and $1.5 million to engage producers to assess the productivity and emissions benefits these technologies may deliver in the real world.
‘Our approach to emissions reduction is technology not taxes,” Minister Taylor said, adding that emissions from livestock are the largest source of greenhouse gas in the agriculture sector and make up around 10% of Australia’s total annual emissions.
“If we can get new technologies to cost parity – or ideally, even cheaper than existing approaches – we can reduce emissions without imposing new costs on households, businesses or the economy,” Mr Taylor continued.
“There is evidence that new feed technologies can increase productivity and reduce emissions.
“But more work is needed to quantify those benefits and find ways to deliver those feed technologies to animals at low cost and in a way that makes sense for the way farmers currently manage their herds.”
More information on how to apply for MERiL grants will be available at business.gov.au.