Australia Launches $300 Million Green Finance Initiative for Farmers

As farmers prepare for India's Union Budget 2025, they are advocating for key reforms to ensure fair pricing and financial security, including a legally binding law for Minimum Support Price (MSP) for all agricultural products. In Australia, the government has launched a $300 million green finance initiative to assist farmers in adopting sustainable practices and reducing carbon emissions, offering discounted loans through the Clean Energy Finance Corporation (CEFC). The initiative aims to lower the financial barriers for farmers seeking to implement emissions-reduction technologies, such as low-emission fertilizers and methane-reducing feed. Eligible farmers can access loans with interest rate discounts of up to 1.15%, providing a significant incentive to transition to greener practices. This dual focus on agricultural reform in India and sustainability in Australia highlights the global push toward enhancing the agricultural sector's resilience amid climate challenges. Both initiatives reflect a broader recognition of the critical role farmers play in tackling economic and environmental issues.