clear the air


Australia’s Carbon Emissions Timetable

As reported by Mike Preston in Smart Company today, by the end of this year, business should have a clear idea about the extra costs they will face under a carbon emissions trading scheme after a timetable was released by the Government yesterday.

Climate Change Minister Penny Wong said she will release a green paper setting out what a carbon trading system will look like by July 2008, to be followed by draft legislation in December.

That will be followed in 2009 by a round of intensive consultation with business and community groups, Wong says, before the legislation is passed – although it will require independent support in the Senate – in mid-2009, wuth the carbon trading scheme commencing early in 2010.

β€œThe introduction of emissions trading will constitute the most significant economic and structural reform undertaken in Australia since the trade liberalisation of the 1980s,” Wong said.

Advertisements