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Carbon Pollution Reduction Scheme: White Paper to be released on 15 December.



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PW 243/08 28 November 2008

CARBON POLLUTION REDUCTION SCHEME: WHITE PAPER TO BE RELEASED ON 15 DECEMBER

The Rudd Government’s Carbon Pollution Reduction Scheme (CPRS) White Paper and medium term target range for reducing carbon pollution will be released on Monday 15 December 2008.

“The global financial situation has heightened the importance of providing business certainty on the Carbon Pollution Reduction Scheme,” Minister for Climate Change and Water, Senator Penny Wong, said.

“The Rudd Government has heard the calls for certainty from business leaders and that is why we are proceeding to finalise scheme design and get on with the job of putting the scheme in place.”

The White Paper outlining the final design of the scheme and medium term target range will be released following Senator Wong’s return from the United Nations Climate Change Conference in Poznan, Poland.

Draft legislation incorporating the policy approach outlined in the White Paper will be released in early 2009.

Senator Wong said calls from the Opposition to delay the White Paper and commencement of the CPRS were undermining business certainty and were out of step with the Australian community.

“The Opposition is looking for any excuse to delay action on climate change, but Australians understand that the longer we wait, the more it will cost us,” Senator Wong said.

“The Leader of the Opposition says he understands the importance of business certainty and yet he is allowing uncertainty to be fuelled by these repeated calls for delay.

“Through the CPRS, the Government is positioning the Australian economy to take advantage of the opportunities that will arise as the world moves to reduce emissions.”

Senator Wong confirmed that the Government would take account of international developments in determining the path Australia takes to reduce carbon pollution.

“When we set the pathway for reducing carbon pollution under the CPRS, we will take into account the progress of global climate change negotiations, including the Copenhagen conference in December 2009,” Senator Wong said.