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Australian Government Approves Four Carbon-Farming Projects

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Feb. 6 (Bloomberg) -- The Australian government, which is seeking to reduce the nation’s reliance on coal, approved four new projects as part of its program that allows farmers and land holders to earn carbon credits by reducing emissions.

Two of the carbon-farming initiatives set rules for the growth, regeneration and maintenance of native forest areas, while the others relate to piggeries and landfill operations, according to an e-mailed statement today from the office of Australian Climate Change Minister Greg Combet.

The carbon-farming projects are part of Prime Minister Julia Gillard’s program introduced last year to charge the nation’s biggest polluters for their carbon emissions.

To contact the reporter on this story: James Paton in Sydney at jpaton4@bloomberg.net

To contact the editor responsible for this story: Edward Johnson at ejohnson28@bloomberg.net

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