New legislation to enable carbon trading
Friday 5 Nov 2021
Western Australian Forestry Minister Dave Kelly has introduced a Bill to amend
the Forest Products Act 2000, which will allow the Forest Products Commission
(FPC) to trade in carbon assets. Under the existing Forest Products Act, the
FPC's functions are restricted to dealing with "forest products" which are
defined to mean trees, parts of trees and similar products. The statutory
expansion of the FPC's functions will grant the FPC the right to own, trade and
otherwise deal with carbon assets.
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