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Wednesday, 25 September 2002
Page: 4941

Senator Allison asked the Minister representing the Minister for the Environment and Heritage, upon notice, on 7 August 2002:

With reference to the Government's decision not to ratify the Kyoto Protocol at this time:

(1) What are the implications of this decision for participants in the International Greenhouse Partnerships (IGP) program.

(2) What would be the value of greenhouse gas credits currently held by IGP program investors had Australia ratified the Kyoto Protocol in May 2002.

(3) Is it the case that the IGP program has now closed.

(4) Have any of the businesses involved in the IGP program initiated legal action against the Commonwealth for breach of contract; if so, can details be provided.

(5) Which, if any, of the businesses involved in the IGP program have since moved off-shore.

(6) What are the estimated job and revenue losses to the Commonwealth from such relocations.

Senator Hill (Minister for Defence) —The Minister for the Environment and Heritage has provided the following answer to the honourable senator's question:

(1) The IGP program provided an opportunity for Australian organisations to gain experience in the establishment of international collaborative projects in advance of credit generating mechanisms coming into operation. The decision not to ratify Kyoto at this time does not affect that experience.

(2) IGP program investors do not currently hold credits arising from their IGP participation. IGP projects were undertaken as Activities Implemented Jointly under the United Nations Framework Convention on Climate Change. There is no provision for the generation of credits under the Activities Implemented Jointly pilot phase.

(3) No new projects are being funded under the IGP Program, but Deeds of Agreement between the Commonwealth and businesses participating in IGP projects approved before the IGP Program closed to new projects continue to be administered by the Department of Industry, Tourism and Resources.

(4) to (6) None that have been brought to the Government's attention.