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Articles about carbon trading

Power Companies Oppose Liberal’s Carbon Policy

Posted by Peter, on April 25, 2013

According to the Financial Review, large power companies are demanding that the Federal Opposition rethink its plan to abolish carbon taxes and implement a “direct action’’ plan for reducing carbon emissions. The Energy Supply Association of Australia, which represents big power companies such as Origin, TRUenergy and International Power, says that the Coalition must review […]  Continue reading »

Australia’s Carbon Tax Near Lowest

Posted by Peter, on March 28, 2013

Just in case anyone other than the Murdoch press thinks that Australia is “going it alone” with the “world’s biggest carbon tax“, these are the OECD’s figures on the average effective tax rate on carbon dioxide in its member countries:    Continue reading »

$15 Carbon Floor Price To Be Scrapped

Posted by Peter, on August 28, 2012

Australia will scrap its planned floor price for carbon emissions and will link directly with the European Union’s emissions trading scheme by 2018. The $au15 floor price was due to underpin the scheme when it moved to a floating emissions trading scheme in July 2015. Under the new arrangement, business in Australia will be able […]  Continue reading »

Why Lower Demand Means Higher Electricity Prices

Posted by Peter, on June 29, 2012

Michael Fraser, Managing Director of AGL has told the ABC that, although the cost of energy production is at a low point, energy prices have increased recently because of the very significant investment in infrastructure to cope with forecast increasing demand. The infrastruction in question is poles and wires and not power stations. Mr Fraser […]  Continue reading »

Climate Change Authority Board Announced

Posted by Peter, on June 22, 2012

The Government has announced the membership of the Australian Climate Change Board – an independent body which will provide advice on the Government's policies for reducing carbon pollution. The members are: Bernie Fraser (Chairman), former Governor of the Reserve Bank Clive Hamilton, Professor of Public Ethics at Charles Sturt University John Quiggan, Professorial Research Fellow […]  Continue reading »

Carbon Tax Bill Passed

Posted by Peter, on November 8, 2011

The Australian Government’s carbon pricing legislation has been passed by the Senate and will take effect from the middle of next year. The bills were passed in a division 36-32, with Labor and the Greens siding against the Opposition, independent Nick Xenophon and the DLP’s John Madigan. Under the scheme, the estimated 500 Australian companies […]  Continue reading »

Australia to Bring Forward Decision on Carbon Price

Posted by Peter, on November 30, 2010

Prime Minister, Julia Gillard has announced that the government will bring forward by a year a decision on how to price carbon emissions, but left unclear whether the previous 2013 date for implementation of any scheme would stay in place. She told reporters that “2011 needs to be the year that the nation decides on […]  Continue reading »

Carbon Trading Guidelines for Aussie Farmers

Posted by Peter, on November 23, 2010

Australian Climate Change Minister, Greg Combet, has issued the first guidelines for the Carbon Farming Initiative, designed to facilitate the sale of carbon credits on the domestic and international market. Under the Carbon Farming Initiative, farmers and landholders will earn carbon credits that can be sold on a voluntary market to companies wanting to offset […]  Continue reading »

Lessons from European Carbon Trading

Posted by Peter, on August 15, 2009

While the United States and Australian legislatures are bogged down in political disputes over the introduction of carbon trading schemes, a group of economists, climate scientists and academics has released an analysis for the the German Marshall Fund of the benefits and lessons that have come from the European Union’s Emissions Trading System. The EU […]  Continue reading »

Nicholas Stern: Australia’s Carbon Policy Has Big International Implications

Posted by Peter, on June 12, 2009

In an interview on the SBS Dateline programme, UK economist Lord Nicholas Stern, said that there are “very big international implications” in what carbon policy Austrlalia adopts. Lord Stern pointed out that Australians emit “over 20 tonnes of CO2-equivalent per capita, compared with Europe with around 10, 11 or 12, China around 5, India below […]  Continue reading »

Emissions Target as Low as 5% by 2020

Posted by Peter, on December 15, 2008

Australian Prime Minister, Kevin Rudd, has announced a plan to reduce greenhouse gas emissions by as little as 5 percent by the year 2020 – far less than the 25 percent cut sought be environmentalists. The White Paper released today says that Australia will cut its greenhouse gas emissions by 5% of 2000 levels by […]  Continue reading »

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