Climate Change Authority
The Climate Change Authority released its review of the Carbon Farming Initiative on 22 December 2014.
The Carbon Farming Initiative (CFI) is part of the Commonwealth Government’s response to climate change. It is a national, voluntary scheme that provides incentives for activities that reduce or avoid greenhouse gas emissions.
The Minister for the Environment has asked the Climate Change Authority to conduct a Special review. The Authority will assess whether or not Australia should have an emissions trading scheme, what future targets it should set, and what actions Australia should take to implement outcomes flowing from the United Nations Framework Convention on Climate Change meeting in Paris in 2015. Among other things, the Authority is to take into account the policies of other key countries, and international competitiveness issues for Australian businesses.