Summary

Part of a package of 18 bills to implement a carbon pricing mechanism, the bill establishes: the Climate Change Authority as an independent statutory body to review the carbon pricing mechanism, the Renewable Energy Target Scheme, the Carbon Farming Initiative, the National Greenhouse and Energy Reporting System and other matters as requested by the minister or by both Houses of Parliament; and the Land Sector Carbon and Biodiversity Board to provide advice on key performance indicators and the implementation of land sector and biodiverity measures associated with climate change and undertaken by the Biodiversity Fund.