New focus on opening up markets for carbon trade
The Climate Change Minister, Greg Combet, told the Herald this week that his ''most immediate'' international task was to make sure the 500 or so Australian companies required to buy pollution permits ''have access to deep enough markets internationally'' once Australia's carbon tax shifts to a market-based emissions trading scheme in 2015.
Treasury modelling assumes businesses will buy more than half their necessary permits offshore, but the existing international climate deal - the Kyoto Protocol - expires next year and no one expects a replacement to be finalised soon, and certainly not at this year's UN climate meeting in Durban.
The Climate Change Minister, Greg Combet, told the Herald this week that his ''most immediate'' international task was to make sure the 500 or so Australian companies required to buy pollution permits ''have access to deep enough markets internationally'' once Australia's carbon tax shifts to a market-based emissions trading scheme in 2015.
Treasury modelling assumes businesses will buy more than half their necessary permits offshore, but the existing international climate deal - the Kyoto Protocol - expires next year and no one expects a replacement to be finalised soon, and certainly not at this year's UN climate meeting in Durban.
No comments:
Post a Comment