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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