New projects that use native forest biomass to generate energy might still be allowed to benefit under the Renewable Energy Target scheme if key independents stick with a plan to disallow newly-gazetted regulations.
The House of Representatives today formally accepted the Carbon Farming Initiative bill as amended by the Senate, with Shadow Climate Change Minister Greg Hunt affirming that a future Coalition Government would not repeal the scheme.
Despite Coalition opposition, the Senate has passed with amendments the Government's carbon farming legislation and a bill to underpin the nation's carbon registry.
As the Senate debates 'carbon farming' legislation, the Gillard Government has released draft supporting regulations that specify activities that can create offsets under the scheme.
With Parliament scheduled to debate the Carbon Farming bill today, Norton Rose climate lawyer Elisa de Wit cautions that businesses still lack crucial information on how the scheme will operate.