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.
The
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
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Submissions on the Green Paper close 10 September 2008
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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 |