The purpose of this Act is to repeal and
re-enact with amendments the Climate
Change Act 2010 —
(a) to set a long-term greenhouse gas emissions reduction target; and
(b) to provide for the setting of 5-yearly interim greenhouse gas emissions reduction targets in order to reach the long-term greenhouse gas emissions reduction target; and
(c) to facilitate the consideration of climate change issues in specified areas of decision making of the Government of Victoria; and
(d) to set policy objectives and guiding principles to inform decision-making under this Act and the development of government policy in the State; and
(e) to provide for a strategic response to climate change through a climate change strategy, adaptation action plans and emissions reduction pledges; and
(f) to provide for greater clarity and accountability through information collection and reporting; and
(g) to facilitate the State's contribution to national and international carbon sequestration efforts; and
(h) to provide for the creation of forestry rights, carbon sequestration rights and soil carbon rights; and
(i) to provide for Forestry and Carbon Management Agreements in relation to private land and Carbon Sequestration Agreements in relation to Crown land; and
(j) to implement changes arising from a statutory review of the Climate Change Act 2010 ; and
(k) to make a consequential amendment to the Environment Protection Act 1970 .