Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

4:46 pm

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

I think this is a question of terminology but the agreement is to implement recommendation 8 of the Chubb review. That doesn't ask for a revision of the methodology; it provides guidance about how the method should be interpreted. I think you'll know that the recommendation goes through three points:

The method should be interpreted as requiring:

        The process I've described will see those principles applied at the point in time that project proponents come to the Clean Energy Regulator seeking to have their credits allocated.

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