The Australian Government has announced it's intention to legislate to impose a cost on greenhouse emissions from 1 July 2012, and has also legislated the Carbon Farming Initiative, which provides opportunities for enterprises that are able to implement projects that reduce atmospheric greenhouse gases (either through sequestration or mitigation) to generate revenue. Imposing a cost on greenhouse emissions will increase the cost of energy in the economy, and have an impact on the profitability of primary industry enterprises (such as fishing and aquaculture) that face international competition and are therefore unable to increase prices to offset additional costs. The proposed project involves financial modelling to better understand the impact of climate change policy on fishing and aquaculture businesses and related supply chain participants, and also an exploration of options that might be available to reduce the negative impact, or to generate revenue from projects that reduce greenhouse emissions.