Shadow Climate Change Minister Greg Hunt has told CE Daily a Coalition Government might modify a requirement that offset projects store carbon for 100 years, but Climate Change Minister Greg Combet says it would result in 'phoney' reductions.
Forthcoming Carbon Farming Initiative regulations will determine whether other Australian carbon credits can be converted to CFI credits and used to meet carbon price scheme liabilities, according to Norton Rose national head of climate change Elisa de Wit.
Queensland's Parliament has passed legislation to impose landfill levies on industrial, commercial and construction wastes from December 1 and amend existing laws so landholders can participate in the Carbon Farming Initiative.
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.