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
11:30 am
Penny Wong (SA, Australian Labor Party, Minister for Climate Change and Water) Share this | Hansard source
Perhaps Senator Nash was not in the chamber when I referred Senator Macdonald to proposed section 259K which appears on page 9 of the amendments. It goes through the methodology principles. Essentially, the issue is that we want to ensure we maximise the possibility of Australian landholders being able to be part of the solution on climate change. We have to ensure that in doing so we do not expose taxpayers to fiscal risk by including abatement in our scheme that is not recognised internationally or that does not have sound principles associated with it. We need to ensure that this is abatement in which everyone can have confidence. The proposal we have is for a process which ensures that both farmers and people seeking to invest in sequestration or abatement activities will have confidence in the value of that activity and its environmental integrity.
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