Senate debates

Wednesday, 29 March 2023

Bills

Safeguard Mechanism (Crediting) Amendment Bill 2023; In Committee

7:49 pm

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

TER (—) (): Thanks very much, Senator Davey. I have canvassed this reasonably extensively earlier in the day. The commitment we've provided over the last few days is very specific and relates very directly to the Chubb review. It relates even more specifically to recommendation 8 from Professor Chubb. That recommendation essentially makes a set of observations about how the test associated with the human-induced regeneration method ought to be applied. We have made clear that we expect that method and that interpretation to be considered in issuing any new credits to projects established under the human-induced regeneration method. We expect that the way that would happen would be in the ordinary process by which project proponents approach the Clean Energy Regulator and seek to have their credits allocated on the basis of activities undertaken under the project. I hope that makes it clear. We wouldn't characterise it in quite the same way as you've described just now.

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