12th Sep 2024, 12:06 PM – Senate Committees - Environment and Communications References Committee - Reference

The majority voted against a motion moved by Queensland Senator Pauline Hanson (One Nation), which means it failed.

Motion text

That the following matter be referred to the Environment and Communications References Committee for inquiry and report by 25 November 2024:

The effectiveness, transparency and cost of the Australian Government's carbon credit and offset schemes, including the Safeguard Mechanism (Crediting) Amendment Act 2023 and the Climate Active carbon-neutral labelling program, with particular reference to:

(a) concerns raised by major companies like Fortescue, Telstra and BHP about the quality of offsets and lack of transparency;

(b) the effect of Labor's carbon credit scheme, including the Safeguard Mechanism and the Climate Active program, on Australian businesses, particularly how these programs increase costs without delivering clear environmental benefits;

(c) the use of international carbon credits by Australian companies, with specific attention to whether these credits are trustworthy;

(d) how the Safeguard Mechanism and the Climate Active program have negatively impacted jobs, driven up electricity prices, and contributed to the current household recession;

(e) the role of the Safeguard Mechanism and the Climate Active program in driving up resource and electricity costs, contributing to rising inflation;

(f) the role of the Safeguard Mechanism in increasing demand for Australian carbon credit units and its consequences for businesses, particularly rising prices and reliance on offsets;

(g) the potential for misleading claims (greenwashing) within the Safeguard Mechanism and the Climate Active program; and

(h) any related matters.