New $300 Million Scheme to Offer Farmers Discounted Loans to Cut Emissions

Scheme to offers interest rate discounts up to 1.15 percent through NAB’s green finance program, supporting Australia’s net-zero transition.

A young girl on her family farm outside Coonabarabran, NSW, Australia, after the break of a years-long drought on Oct. 1, 2020. Brook Mitchell/Getty Images

Farmers, agri-businesses, and equipment buyers can now access discounted loans under a $300 million initiative by the Clean Energy Finance Corporation (CEFC), supported by the Labor Albanese government.

The CEFC will offer interest rate discounts of up to 1.15 percent through National Australia Bank’s green asset finance program, aimed at supporting Australia’s transition to net-zero emissions.