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Carbon Pricing Mechanism

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JULY 11, 2011

Carbon Pricing Mechanism

Image sourced from the Clean Energy Future website

On Sunday 10 July 2011, the Australian Government released the Clean Energy Plan, a package of measures that includes a Carbon Pricing Mechanism. The policy is the outcome of several months of consideration by the Multi-Party Climate Change Committee (MPCCC), which was established after the 2010 election to determine key elements and complementary measures needed for an Australian carbon price. The scheme, to start in 2012, borrows some definitions and decisions of the Carbon Pollution Reduction Scheme but outlines a new emissions trading scheme starting with a three-year fixed price term. The policy's development was based on information provided by the Garnaut Climate Change Review Update, and scientific advice provided by expert advisors to the MPCCC.

Over the coming days and weeks, the Parliamentary Library will be publishing FlagPosts on specific issues relating to the Government's proposed carbon pricing scheme. Useful information and background on climate change can also be obtained from the Parliamentary Library's climate change website. Stay tuned...

Posted by Anita Talberg at 4:16 PM

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Labels: Carbon Pricing Mechanism, climate change