CLIMATE CHANGE AND GREENHOUSE EMISSIONS REDUCTION ACT 2007 - SECT 15

CLIMATE CHANGE AND GREENHOUSE EMISSIONS REDUCTION ACT 2007 - SECT 15

15—Voluntary offset programs

        (1)         The Minister may take steps for the purpose of recognising, promoting or facilitating emissions offset programs initiated on a voluntary basis.

        (2)         Without limiting any program established under subsection (1), the regulations may make provision to support emissions offset programs, including—

            (a)         by providing methods to identify or determining the types and extent of offsets that may form part of emissions offset programs recognised for the purposes of this Act; and

            (b)         by establishing a scheme for the registration of emissions offset programs; and

            (c)         by establishing criteria that allow for the recognition of emissions offset programs that deliver a number of benefits (such as the removal of greenhouse gases from the atmosphere, biodiversity enhancement and economic development).

        (3)         The Minister must, in conjunction with the operation of subsections (1) and (2), take into account the desirability of ensuring that emissions offset programs recognised in this State can also be recognised for the purposes of national and international programs in order to promote the tradeability of products and services.