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Investor Presentaiton

South Pole Group 2017 Climate Policy Review Page 24 • • • Department to establish Terms of Reference for Cabinet Formal review process to commence early 2017 Outcome/recommendations by November 2017 Key issues and focus areas ERF - Crediting and Purchasing: future funding, Safeguard mechanism: conditions and criteria for baseline setting and alignment with the international target International trade in carbon and use of international units: supply and demand of domestic and international units

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