Senate debates
Monday, 30 November 2009
Carbon Pollution Reduction Scheme Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Consequential Amendments) Bill 2009 [No. 2]; Australian Climate Change Regulatory Authority Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Customs) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — Excise) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (Charges — General) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme (CPRS Fuel Credits) (Consequential Amendments) Bill 2009 [No. 2]; Excise Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Customs Tariff Amendment (Carbon Pollution Reduction Scheme) Bill 2009 [No. 2]; Carbon Pollution Reduction Scheme Amendment (Household Assistance) Bill 2009 [No. 2]
In Committee
3:58 pm
Penny Wong (SA, Australian Labor Party, Minister for Climate Change and Water) Share this | Hansard source
Yes. We have provided some $130 million towards the transition from the New South Wales Greenhouse Gas Reduction Scheme, or GGAS, to the CPRS. Of that, $50 million is intended to be allocated to landfill gas generators and some other types of generators to provide assistance in respect of lost revenue under the scheme and a further $80 million is to be made available to holders of unused certificates created under GGAS. That is one set of assistance for the transition.
I would also make the point that landfill gas generators have market opportunities under the renewable energy target, because such generators are eligible to create Renewable Energy Certificates. As you would know, Senator, the renewable energy target has been expanded to provide further encouragement to the renewable energy industry, including for landfill gas generation. There are a range of companies in this space who will be able to benefit from increased demand for Renewable Energy Certificates over time.
No comments