Senate Inquiry into Carbon Credits Releases Report

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Senate Inquiry into Carbon Credits Releases Report

The Senate Inquiry into Carbon Credits has released its report into the Carbon Credits (Carbon Farming Initiative) Amendment Bill 2017 (Cth). The Bill intends to create incentives for carbon reduction through localised abatement programs. Amendments to the Carbon Credits (Carbon Farming Initiative) Act 2011 (Cth) in 2014 unintentionally increased the regulatory requirements for savannah emissions carbon avoidance projects. The 2017 amendment bill thus attempts to remove this unnecessary regulation and was supported by the Senate Committee to be passed in its current form. Significantly, there were no public hearings held or submissions received during the Inquiry. The Department of the Environment and Energy was required to make departmental submission. Labor and Australian Greens Senators recommended that the Bill not be passed wholly and in part respectively, noting significant exclusion of native title holders from decision making with regards to savanna fire management projects.

 

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