Professor Jennifer McElwain:

Picking up on a few questions, coming back to what we can do and what the big levers are, the Senator particularly asked about land use change. On the things we can do with land use change on the sequestration side and carbon uptake, we cannot do it in the short term and that is the big issue. It is emissions reduction that will have an effect on the short term. Any change we make on increasing the amount of carbon in soils and peatlands, in embodied biomass, is all long term and still has to be done. The Senator also asked how we measure the value for farmers. There is a whole area of research called natural capital counting. There is a big forum in Ireland called the Natural Capital Forum, which involves business-ecology linkages. I think Jane Stout----