Senate debates

Wednesday, 6 July 2011

Bills

Carbon Credits (Carbon Farming Initiative) Bill 2011, Carbon Credits (Consequential Amendments) Bill 2011, Australian National Registry of Emissions Units Bill 2011; In Committee

6:09 pm

Photo of David FeeneyDavid Feeney (Victoria, Australian Labor Party, Parliamentary Secretary for Defence) Share this | Hansard source

The government has committed to establish a co-benefits index to help the market reward co-benefits such as biodiversity. In your summation of the issues around water—an issue with which I know you are very familiar—you were taking a long and historical view. I would simply say that this legislation is setting about the task for which it is designed. As you would appreciate, there is, I would submit, a comprehensive government strategy, well assisted by the work of the relevant committee, to deal with those water security questions.

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