Perin Davey (NSW, National Party, Shadow Minister for Water) Share this | Hansard source

Thank you very much, Minister. I appreciate that you've mentioned the Chubb review a couple of times tonight, and I'm glad you have, because I have real concerns about the deal struck with the Greens relating to the Australian carbon credit units and human induced regeneration.

As you've quite rightly pointed out, farmers very much understand that the climate is changing. They live the reality every day. From droughts to flooding rains they manage their lands. Every farmer wants to find the balance. Commodity group after commodity group is working towards net zero. They know it's not only good for the planet but also really good for their market access. That's why farmers have actually embraced the exchange of human induced regeneration projects within reason, within a percentage of their land, as ACCUs. But now we see the risk through this backroom deal that you've done with the Greens to get their flawed policy through this place. When the Greens announced their deal with the government, Adam Bandt said:

The agreement will significantly improve the integrity of ACCUs with a freeze on the most dubious offset class (Human Induced Regeneration) until they are subject to an independent audit.

However, as you've mentioned, we've already had the Chubb review, and in Minister Bowen's press release he did not mention anything about a freeze. So who do we believe, Minister? Do we believe the Greens or do we believe that the ACCUs will not change?