8Emissions offset regulations

8 Emissions offset regulations

(1)  The regulations may –

(a) provide for the recognition, facilitation or promotion of emissions offset programs; and

(b) prescribe ways of identifying or determining the types, and extent, of offsets that may form part of recognised emissions offset programs; and

(c) prescribe criteria allowing for the recognition of emissions offset programs capable of delivering multiple benefits (such as the removal of greenhouse gases from the atmosphere, biodiversity enhancement and economic development).

(2)  The Minister, in making regulatory recommendations for the purposes of subsection (1) , is to have regard to the desirability of enabling emissions offset programs recognised in Tasmania to also be recognised under national and international programs so as to promote the tradability of products and services.