Emissions trading scheme unveiled within weeks

Wednesday, 03 December, 2008

The Rudd government will reveal the final design of its emissions trading scheme, along with a medium-term target range for reductions, within weeks.

Climate Change Minister Penny Wong says the Carbon Pollution Reduction Scheme (CPRS) white paper will be released on Monday 15 December.

"The global financial situation has heightened the importance of providing business certainty on the scheme," Wong said in a statement.

The final design will be revealed after Senator Wong has attended the United Nations' annual greenhouse summit in Poland, which started this week.

Draft laws will be released in early 2009.

According to Wong, the white paper will include a "medium-term target range for reducing carbon pollution".

The government would take account of international developments in determining the path Australia takes to reduce carbon pollution, she said.

 

Related News

Dragos expanding OT security platform, acquiring NetRise and runZero

With the close of Accenture's majority investment, Dragos is extending its platform into...

Funding awarded for electrolyser manufacturing in Port Kembla

Developed from research at the University of Wollongong, Hysata’s technology is designed to...

GMG announces startup of new graphene production plant

Once fully complete and optimised the Gen 2.0 Plant is expected to be largely...


  • All content Copyright © 2026 Westwick-Farrow Pty Ltd