Proposed amendments to the Carbon Credits (Carbon Farming Initiative) Rule 2015 for the transition of Emissions Reduction Fund projects between proponents in particular circumstances
The Australian Government is considering amendments to the Carbon Credits (Carbon Farming Initiative) Rule 2015 (the Rule) to improve the flexibility for project proponents to be transferred between parties.
Under current legislative arrangements, where an ERF project's registered proponent ceases to be involved in the project without transferring the project to another party, the project must be revoked. This means no more crediting of abatement can occur from the project. From a policy perspective, if an existing project proponent is unwilling or unable to continue with a project and there are others (e.g. landholders) that are willing and able to continue the project activities, they should be able to do so.
The draft amendment is intended to improve the ability to transfer project proponents. It has been designed to ensure that relevant parties are informed and listed project proponents are consulted in the process of changing the project proponent. It also takes into account existing business models that carbon project developers and others may have established.
How can I get involved?
The Department invites you to provide your views on the proposed changes by 5.00pm AEDT 28 February 2020.
Read the draft amendments
Complete a coversheet
A coversheet must accompany your submission. The submission and coversheet should be provided as separate files.
Send your submission
Submissions, including the above coversheet, should be emailed to firstname.lastname@example.org (please note due to Machinery of Government changes, this email address has changed. If you have already submitted, please forward your email to the Industry email address)
Alternatively, submissions may be sent to the following postal address:
ERF Governance and Policy
Department of Industry, Science, Energy and Resources
GPO Box 2013
CANBERRA ACT 2601
Responses should be submitted to the Department no later than 5.00pm AEDT 28 February 2020.Submissions may be published on this website unless marked confidential.