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Australian Emissions Trading - Carbon Pollution Reduction Scheme

Introduction

The Australian Government is establishing an emissions trading scheme as part of an effective framework for meeting the climate change challenge.

On July 16 2008 a Green Paper for a Carbon Pollution Reduction Scheme was released.

Australian carbon pollution Reduction SchemeThe Carbon Pollution Reduction Scheme Green Paper canvasses options and preferred approaches on issues, such as which industry sectors will be covered and how emission caps will be set.

It also includes ways to address the impacts on Australian households, emissions-intensive trade-exposed industries and other strongly affected sectors.

 

For more information refer to the

+++    Submissions on the Green Paper close 10 September 2008    +++

Our affiliates can help you with expert advice and assessment on what the scheme means for your business and what you need to include in your submission.

For policy contact www.frazerlindstrom.com
For legal contact www.chancerygreen.com

The timetable for implementation of emissions trading in Australia is shown below:

Date Stage

July 2008

Public release of the Green Paper on scheme design

July to September 2008

Phase 2 consultation on the Green Paper

December 2008

Public release of exposure draft of legislative package

December 2008 to February 2009

Phase 3 consultation on exposure draft legislation package

End 2008

Firm indication by Government of planned medium-term trajectory for the scheme

March 2009

Bill introduced into Parliament

Mid-2009

Government aims to achieve passage of bill by Parliament at this time

During 2009

Phase 4 consultation on emissions trading regulations

3rd quarter 2009

Act enters into force; scheme regulator established

2010

Emissions trading scheme will commence

 

 

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