Second Reading Speeches

Carbon Farming Initiative Amendment Bill 2014

Originating house
House of Representatives
Parliament no

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Establishes the Emissions Reduction Fund to replace the carbon tax and provide a transition for the Carbon Farming Initiative by amending the:

Carbon Credits (Carbon Farming Initiative) Act 2011
to: provide for the Clean Energy Regulator to conduct auctions and enter into contracts to purchase emissions reductions; enable a broader range of emissions reduction projects to be approved; and amend the project eligibility criteria and processes for approving projects and crediting carbon credit units; and
Australian National Registry of Emissions Units Act 2011
Clean Energy Regulator Act 2011
National Greenhouse Energy and Reporting Act 2007
to make consequential amendments. Also provides for transitional arrangements in relation to: the Register of Offsets Projects, which will be renamed the Emissions Reduction Fund Register and will include information about contracts to purchase emissions reductions; and existing Carbon Farming Initiative projects and methodologies and applications for new projects.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

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