Senate debates

Wednesday, 17 August 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

11:18 am

Photo of Joe LudwigJoe Ludwig (Queensland, Australian Labor Party, Manager of Government Business in the Senate) Share this | Hansard source

The table was based on CSIRO's research and has been developed in consultation with SEWPaC as to water. It is also out for consultation. There has been a significant use of water over the longer period but we need to start looking at what that provides proponents who hold water access entitlements. That, as it reads, 'provides high security for at least the volume of water likely to be intercepted by the forest annually, calculated in accordance with table 1' and averaged across the life of the project. It 'is only used to offset the water intercepted by the forest'. The table is based on the research that is available and developed in consultation. As I said earlier, after some two hours or more dealing with this one agreed amendment, we have got the regulations out for consultation and industry stakeholders can provide valuable input into all that.

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