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The Victorian government plans to restore 200,000 hectares of private land, planting millions of trees and shrubs to enhance biodiversity and capture carbon. The initiative, known as BushBank, aims to store over 4.5 million tonnes of carbon and involves AU$30 million in funding for environmental groups.

The project is expected to create regional jobs while benefiting native species. Despite support from state leaders, the effectiveness of carbon capture and storage has faced criticism from environmental organizations, which argue it is not a viable long-term solution for emissions reduction.