Jenny McAllister (NSW, Australian Labor Party, Assistant Minister for Climate Change and Energy) Share this | Hansard source

Senator Pocock, thank you for bearing with me and allowing me to find the right page. I think, Senator Pocock, the answer to your question is that it depends. We are passing a piece of legislation here that sets up, really, the framework by which an agreement might be made with another country to allow transborder movement of carbon dioxide.

The legislation requires us to observe the London protocol, and the London protocol requires us to have a bilateral agreement in place between those two countries before any permit could be granted. So the details and the status of those agreements or arrangements would be decided between the exporting and receiving countries on a case-by-case basis. It would address matters that would include, but not be limited to, responsibility for maintaining the sequestered carbon dioxide and any emissions, the ability of countries to accurately monitor emissions and any leakage from transport or storage.

In relation to the specific question I think you're asking about how carbon accounting would occur, any release of carbon dioxide throughout the capture, transport, injection and storage phase would need to be accounted for under the United Nations Framework Convention on Climate Change international emissions reporting frameworks, and they would be included in the national emissions inventory of the country in which they occur.