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Should the the remaining 10 per cent be made exempt by lowering the emissions threshold?, asked the Carbon Pollution Reduction Scheme Green Paper.
(Full Article)Climate change made costs of water significant. The cost of water in Melbourne was to double over the next five years.A desalination plant to supplement Perths water supply in 2006 cost $387 million.
(Full Article)Australian Emission Trading Units (AETUs or AEUs) traded twice last Friday, initially at $19.75 then $20.00 both in lots of 10K.
(Full Article)The Rudd government window of opportunity to deliver on its electoral promise had narrowed. The signs were not good; the lack of government response to the Garnaut review, the absence of innovation in the green paper, and the absence of enviromental advocacy, in its white paper suggested a a need for a higher level of planning and analytic ability.
(Full Article)Offsets do not increase national abatement, as the provision of credits into an emissions trading system allows additional emissions in the covered sector, said the 16 July 2008, Carbon Pollution Reduction Scheme Green Paper.
(Full Article)The Australian emissions trading policy draft showed Australia would not follow Kyoto forests rules, would write its own. This was probably a political expedient as as the Rudd government was in power, aided by marginal electorates, some with an economic dependence on State-allocated rights to fell and chip native timber.
(Full Article)Under the Australian policy plan, anyone could in future cut trees and clear land and face no carbon liability. This was despite the actual liability created. Forest fires would not be accounted. This was a policy reversal as the Howard government had claimed Australia had met its Kyoto target, as it had stopped land clearing. However energy emission had risen sharply.
(Full Article)The Federal Government would not set up an offset scheme for the agriculture sector.
(Full Article)The Federal Government estimated around 1,000 firms compulsorily covered by the Carbon Pollution Reduction Scheme, based on a baseline for inclusion of 25,000 tonnes of carbon per year.
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