Homeโ€บBillsโ€บCarbon Rights Bill 2002

๐Ÿ“œ Carbon Rights Bill 2002

Legislative Assembly Second ReadingLA22 May 2002

The Carbon Rights Bill 2002 allows for the creation and registration of carbon rights and carbon covenants as interests in land. This enables the legal recognition and trading of carbon sequestration and release benefits and obligations.

Impact

Landowners, businesses involved in carbon sequestration, and the environment are affected. It matters because it provides a legal framework for carbon trading and incentivizes carbon sequestration activities.

Key Changes

["Creates a legal framework for carbon rights as a separate interest in land.", "Allows for the registration of carbon covenants to manage carbon sequestration and release.", "Defines the rights and obligations of carbon right holders."]

Parliamentary Progress

  1. LA Second Reading MovedLA22 May 2002
  2. LA IntroducedLA22 May 2002
Affected Sectors
environmentagricultureresources

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