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senate vote 2014-10-30#7

Edited by mackay

on 2014-11-05 14:16:36


  • Bills — Carbon Farming Initiative Amendment Bill 2014; Second Reading
  • Carbon Farming Initiative Amendment Bill 2014 - Second Reading - Agree with the bill's main idea


  • <p class="motion-notice motion-notice-notext">No motion text available</p>
  • The majority agreed with the bill's main idea (in parliamentary jargon, they voted in favour of giving the bill a [second reading]( This means that the senators can now discuss the bill in more detail.
  • ###Main idea of the bill
  • The bill creates an Emissions Reduction Fund so the Government can buy domestic [greenhouse gas]( emissions reductions and [offsets]( by [reverse auction]( It also makes some changes to the [Carbon Farming Initiative](, like introducing a 25-year-long option for [carbon sequestration]( projects (right now all projects have to run for 100 years).
  • ###Carbon Farming Initiative
  • The Carbon Farming Initiative lets farmers and land managers earn [carbon credits]( by reducing greenhouse gas emissions and [storing carbon]( in vegetation and soils by changing their agricultural and land management practices.
  • ###Background to the bill
  • The Emissions Reduction Fund is a key part of the Coalition Government's [Direct Action policy](, which was an [election commitment]( It will replace the [carbon price]( as the main part of the Australian Government's effort to reduce [greenhouse gas]( emissions.
  • Australia has agreed with the [Kyoto Protocol]( to the [United Nations Framework Convention on Climate Change](, which means that Australia has agreed to reduce emissions by five per cent of 2000 levels by 2020.
  • Read more about the changes made by the bill in the [bills digest](