GoodEarth Resources PTY Ltd proposes industrial hemp as a significant contributor to the Australian Government’s goal of reducing global atmospheric carbon dioxide. Industrial hemp has been scientifically proven to absorb more CO2 per hectare than forests or commercial crops, making it an ideal carbon sink. It can be grown on nutrient-poor soils with minimal water and no fertilizers, and it can be included in crop rotations, benefiting overall yields. Industrial hemp is not marijuana and has low levels of THC. The crop has a long history and is recognized as a valuable plant by governments worldwide. GoodEarth Resources has been awarded a license to grow industrial hemp by the NSW Department of Primary Industries.

Benefits:

  1. Carbon Sequestration: Industrial hemp absorbs significant amounts of CO2 per hectare, making it an effective carbon sink. It can help reduce greenhouse gas emissions and combat climate change.
  2. Environmental Sustainability: Hemp cultivation requires minimal inputs such as fertilizers, pesticides, and herbicides. It improves soil structure, combats erosion, and acts as a natural weed suppressant. Hemp’s deep roots help bind soil and improve soil health.
  3. Versatility: Hemp has numerous uses, including textiles, paper, building materials, plastics, cosmetics, composite boards, insulation materials, and biofuels. By replacing unsustainable raw materials, hemp products help reduce CO2 emissions.
  4. Economic Opportunities: The widespread cultivation of industrial hemp can stimulate economic growth in remote areas and regions with high unemployment rates. It provides employment opportunities and creates a new industry, reducing reliance on imported goods.
  5. Soil Remediation: Hemp has phytoremediation properties, allowing it to remove toxins from the ground. It can be used to rehabilitate contaminated soils, including those affected by heavy metals or acid rain.
  6. Resource Efficiency: Hemp produces higher quantities of stronger and more versatile fiber than other crops like cotton, with lower chemical residue and water footprints. Hemp cultivation has high recycling potential, minimizing waste.

By harnessing the potential of industrial hemp, Australia can address environmental challenges, support sustainable agriculture, and promote economic development in various regions.

https://www.aph.gov.au/documentstore.ashx?id=ae6e9b56-1d34-4ed3-9851-2b3bf0b6eb4f