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.
A bill before Queensland's Parliament introduces landfill levies and a product stewardship regime and fast-tracks new rules for coal seam gas water discharges and land-based carbon projects.
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.
Climate Minister Greg Combet today introduced legislation to establish the Government's 'carbon farming' offsets regime – taking up Garnaut's suggestion to relax restrictions on creating offsets – and also introduced a bill formalising the registry that will track carbon trades.