Climate change is impacting the productivity and profitability of Australian farmers. The sector is already adapting, and will benefit from global action to limit the extent of further change. The Paris Agreement provides a framework for that global action to occur, but its implementation will be driven by bottom-up decisions—by individual countries setting emission reduction targets and policies, and by consumers, businesses and industries as they position themselves on the issue of reducing emissions. As an exporting sector, Australian agriculture has an interest in how country-level policies develop, and in the effectiveness of global action. The sector can gain by leading discussion on emissions and trade, and by establishing itself as a high value, lower emissions intensity producer.