Opened the debate
Penfold moved the second reading of the bill to protect the integrity of the Australian Carbon Credit Unit Scheme. Penfold argued that the proposed improved native forest management method failed the principle of additionality because the Great Koala National Park was already a political commitment. Penfold cited concerns from the Carbon Market Institute and the Australian Forest Products Association regarding the methodology's risks to scheme integrity. Penfold stated that the scheme should not fund decisions already made by governments, such as ceasing timber harvesting. Penfold highlighted the economic damage to the forestry sector, noting job losses and a harvesting moratorium imposed before funding was secured. Penfold concluded that the bill ensures credits are awarded only for genuine and additional carbon abatement.