Carbon-Storing Forests May Compete With Farming in Australia

Carbon-storing forests may compete with agriculture for land in Australia, the world’s fourth- largest exporter of wheat, if the nation introduces emissions trading, according to a research report.

“Large areas of land could become more profitable” as sites for plantations to absorb greenhouse gas emissions, depending on the price at which carbon trades, the Australian Farm Institute said today. A cap-and-trade system “would potentially generate new competition for agricultural land.”