Australia: Government funded CFI Legal and Contracts Guide launched today by Norton Rose Fulbright
Last Updated: 27 January 2014

Norton Rose Fulbright today released the Carbon Farming Initiative (CFI) Legal and Contracts Guide (the Guide) for all existing and potential CFI participants. The Guide was developed by Norton Rose Fulbright and supported by funding from the Australian Government.

With the release of the Emissions Reduction Fund (ERF) Green Paper in December 2013, the Australian Government has signalled its intention for the proposed ERF to be implemented through the existing CFI and Clean Energy Regulator administrative arrangements. If these plans progress as intended during 2014, the CFI is likely to take centre stage in delivering carbon abatement to contribute to Australia's emission reduction targets.

Elisa de Wit, leader of Norton Rose Fulbright's Australian climate change practice, commented: "As the CFI evolves and the market for Australian Carbon Credit Units matures, participants will need to know their legal rights and responsibilities. The Guide demystifies the complexity of the CFI legislation and draws on our own experiences of advising clients in developing and implementing CFI projects."

The Guide will play a key role in helping participants understand the CFI and maximise their commercial opportunities and environmental outcomes as the carbon policy landscape develops over the coming 12 months.

"The Green Paper signals potential opportunities for a number of sectors to deliver carbon abatement through the ERF," says de Wit. "We recommend that businesses in these sectors monitor developments in the coming months and use the Guide to assess the commercial viability of any potential projects or aggregation opportunities."

To support the launch of the Guide, Norton Rose Fulbright is hosting a series of free workshops in capital cities around Australia. Anyone interested in attending a workshop can register their interest by emailing leanne.currie@nortonrosefulbright.com.

  • Sydney Wednesday 26 February 2014
  • Melbourne Thursday 27 February 2014
  • Brisbane Thursday 6 March 2014
  • Perth Thursday 13 March 2014
  • Adelaide TBC
  • Darwin TBC

Norton Rose Fulbright has been closely involved with the development and implementation of the CFI over the last three years. Elisa de Wit and her team are now working closely with the Government, industry associations and clients to help shape the ERF and the surrounding policy settings.

A copy of the Guide can be downloaded here or hard copies can be obtained by emailing leanne.currie@nortonrosefulbright.com.

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