Carbon Credits (Carbon Farming Initiative) Amendment (Blue Carbon Projects) Rule 2022

I, Angus Taylor, Minister for Industry, Energy and Emissions Reduction, make the following instrument.

Dated  2 January 2022 

Angus Taylor

Minister for Industry, Energy and Emissions Reduction

Contents

1  Name ..................................................3

2  Commencement............................................3

3  Authority................................................3

4  Schedules................................................3

Schedule 1—Amendments 4

Carbon Credits (Carbon Farming Initiative) Rule 2015 4

1  Name

  This is the Carbon Credits (Carbon Farming Initiative) Amendment (Blue Carbon Projects) Rule 2022.

2  Commencement

 (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

 (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

  This instrument is made under section 308 of the Carbon Credits (Carbon Farming Initiative) Act 2011.

4  Schedules

  Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

Carbon Credits (Carbon Farming Initiative) Rule 2015

[1] Section 4

Insert:

tidal restoration project means a sequestration offsets project:

 (a) that involves the introduction of tidal flow to support the establishment of coastal wetland ecosystems; and

 (b) whose applicable methodology determination is the Carbon Credits (Carbon Farming Initiative—Tidal Restoration of Blue Carbon Ecosystems) Methodology Determination 2022 or an earlier version of that determination applicable to the project in accordance with sections 125, 126, 127 or 130 of the Act.

[2] Section 9B (heading)

Omit “project”, substitute “projects and tidal restoration projects”.

[3] Subsection 9B(1)

After “a savanna sequestration project”, insert “or tidal restoration project”.