A University of Melbourne survey of hundreds of Australian studies going back three decades found that using the country's soils to offset a significant proportion of national greenhouse gases β€œis technically limited and economically unviable at the present time”...

At the current carbon price – $24.15 per tonne – farmers would stand to lose at least $12 per tonne for carbon farming under normal soil conditions, the researchers found. The shortfall under the government's plan would be even greater if its decision to move to a floating carbon price from next July is implemented... The impact of the study, though, may fall harder on the viability of the Coalition's rival Direct Action plan.