Hon. Tjorn Sibma asked about the Department of Finance's carbon credit purchases in 2021-22. The Minister for Finance provided details on the quantity, cost, and origin of the purchased carbon credits.

AnsweredQoN 421Legislative Council
Asked
12 May 2022
Portfolio
Finance

QuestionView source ↗

CARBON CREDITS
421. Hon TJORN SIBMA to the minister representing the
Minister for Finance:
Throughout the 2021–22
financial year to date —
(1) How many carbon credits were
purchased by the Department of Finance and at what overall cost?
(2) Of the above,
what proportion of these units were purchased domestically and how many from
foreign markets?

AnswerView source ↗

I thank the honourable member for
some notice of the question. The following answer has been provided to me by
the Minister for Finance.
(1) There have been 45 000 tonnes
of carbon offsets purchased at a cost of $501 130.
(2) All credits were purchased from Australian
organisations. Of the funds, 67 per cent were used to purchase credits
from Western Australian projects. The remaining funds were used to purchase
credits from international projects.

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