Monday, March 05, 2012

This is the gauntlet we are running

The process of developing a methodology involves several stages of review and adjustment of the submission as it moves toward being approval.. The first review is to ensure that all essential elements have been addressed. The second review is to ensure that the submission complies with the legislation. The first two reviews are conducted by the Department. The third review is conducted by the expert panel (the Domestic Offsets Integrity Committee - the DOIC) which has the power to recommend that the Minister give approval. The final stage involves exposure for 40 days for public comment. At each stage, the methodology proponent can be asked to make changes to their submission. In this process, we have been told, the Department and the DOIC will work with the proponent to find a way to approve the methodology that observes the stringent Integrity Standards. Our soil carbon methodology is at the second stage. We hope that those assessing methodologies realise that they are working to make a successful market. A market needs willing buyers and willing sellers. The conditions imposed upon sellers in the name of giving buyers confidence should not be so difficult that none will come forward. Should that happen we will have failed and the 'once in a generation opportunity to recapitalise our soils' (in Tony Abbott's words) will be lost.

No comments: