Greg Hunt, new Minister for Climate Action,
laid out his immediate plans for the CFI in a Speech to the Sydney Institute, 30 May, 2013
“We
will hold a White Paper process after the election. It will provide an
opportunity for industry to make submissions on issues such as the timing of
the auction process and the setting of baselines. We will call for submissions
within 30 days of being elected, consult between days 60 and 100, release the
White Paper and draft legislation by day 100, receive further feedback and
release final legislation by day 150. Our goal is to commence the system on 1
July 2014.
We have already held extensive discussions with all
sectors to encourage potential participants to consider how they can engage
with Direct Action and create opportunities for generating abatement, so they
are fully prepared for its implementation. We are also keen for any suggestions
or feedback at this stage, to ensure all potential issues are addressed.
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