Emissions Trading – Has Australia Found the Right Balance?
journal contributionposted on 29.10.2019, 08:46 by Bruno Zeller
Of the many aspects of the Carbon Pollution Reduction Scheme Bill 2009 (‘Bill’), this paper will investigate whether the emissions trading aspect is compatible with relevant international instruments. The compatibility of the Bill with the European Union regulations and, by necessity, with the requirements embedded within the Kyoto Protocol will also be explored. Without access to the international market the economic impact of the Emissions Trading Scheme (‘ETS’) will be significant, as the Australian market is small and, hence, prices will be inflated in comparison with the open international market.