Senate debates

Thursday, 13 October 2011

Bills

Banking Amendment (Covered Bonds) Bill 2011; Second Reading

2:37 pm

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

I thank Senator Gallacher for his supplementary question. As I have already indicated, the Carbon Farming Initiative will deliver real benefits to farmers. Senators—on this side, at least; maybe not on that side—will be interested to know that the National Farmers Federation has expressed its support for the Carbon Farming Initiative. The NFF President, Mr Jock Laurie, has said:

The NFF has been broadly supportive of the concept and intent of the CFI from the outset as positive recognition of the major role agriculture can play in mitigating carbon emissions through on-farm management.

The NFF went on to say:

... with a continued focus on productivity-based research and the development of methodologies underpinning abatement projects, we hope that the CFI can mature to draw a meaningful contribution to Australia's carbon mitigation effort.

Those in the rural and regional areas are on board. Those opposite are still stuck in the past. (Time expired)

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