Australia to link with EU carbon scheme from 2015

Aug 28, 2012
Photo illustration shows exhaust stacks in Australia. Australia announced Tuesday it would link its deeply contested emissions trading scheme with the European Union's from mid-2015 in an effort to combat climate change.

Australia announced Tuesday it would link its deeply contested emissions trading scheme with the European Union's from mid-2015 in an effort to combat climate change.

Australia introduced the first stage of its plans to put a price on in July with a so-called "carbon tax" which charges big Aus$23 (US$23.81) per tonne for their .

The government has always said it would move to an after three years with a floating price set by the market and Minister Greg Combet said this would be linked to the EU's scheme from 2015.

"This means that from July 1, 2015 Australia's carbon price will effectively be the same as that that operates in our second largest trading bloc," he told reporters.

A full, two-way link in which there would be mutual recognition of carbon units between the two cap and trade systems would begin no later than July 1, 2018, he added.

But the minister said a previous commitment to a set a floor price of Aus$15 for the first three years to avoid price shocks would be scrapped.

Instead, businesses will face limits on the number of permits they can purchase.

Combet said he was confident of Australian government modelling, which predicts a Aus$29 a tonne carbon price in 2015-16. The current EU price is below Aus$10.

"It is three years away. We certainly anticipate a recovery from the financial crisis," he said. "But there is every reason to believe that carbon markets will recover and we'll stand by the Treasury modelling."

The issue of a has been hotly debated in Australia, among the world's worst per capita polluters due to its reliance on coal-fired power and mining exports.

Prime Minister Julia Gillard's popularity has sunk since she announced plans for the tax in early 2011 and conservative opposition leader Tony Abbott, who suggest will win the 2013 election, has vowed to abolish it.

Australia hopes the scheme will create economic incentives for the biggest polluters to reduce their emissions of greenhouse gases.

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User comments : 9

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Howhot
3.7 / 5 (3) Aug 28, 2012
Of course, the American conservatives will be totally shocked and stunned at Australia's move towards a green, carbon neutral society. The Aussies battle against polluters is admirable and commendable. It is a shame that conservatives (crumbs such as they are) refuse to acknowledge global warming as a real threat to mankind. To busy knuckle dragging I guess.
NotParker
1 / 5 (2) Aug 30, 2012
I believe the carbon tax has already killed 100 billion in planned projects in Australia.

Send 1 billion dollars a year to the EU so Germany can build coal power plants seems dumb. But greenies are dumb and corrupt.
Vendicar_Decarian
1 / 5 (1) Aug 31, 2012
The earth's surface area is 200 million square miles.

"Given the more than 3 million volcanoes worldwide indicated by the work of Hillier & Watts (2007)" - ParkerTard

If ParkerTard's lunacy were correct then there would be one volcano on average for every 66 square miles over the earth's surface.

One "volcano" for every square on the earths surface that is 8 miles to a side.

ParkerTard is mentally diseased.

Vendicar_Decarian
3 / 5 (2) Aug 31, 2012
Stupid people believe many idiotic fantasies.

"I believe the carbon tax has already killed 100 billion in planned projects in Australia." - ParkerTard
antialias_physorg
1 / 5 (1) Aug 31, 2012
I believe the carbon tax has already killed 100 billion in planned projects in Australia.

And if that were even true - So? Let's see you chow down 100 billion when the Earth has become unfit for farming because of to high temperatures or lack of water.

Dollars aren't the bottom line. Survival is. Anyone who forgets that (like yourself) doesn't live in reality.
NotParker
1 / 5 (2) Sep 02, 2012
I believe the carbon tax has already killed 100 billion in planned projects in Australia.

And if that were even true - So? Let's see you chow down 100 billion when the Earth has become unfit for farming because of to high temperatures or lack of water.


"Record-breaking rain in the UK has blemished apples, split cherries and kept customers from pick-your-own summer berry fields. Are Britain's fruit crops ruined?

August is a major harvesting month in the UK, as the apple season begins and early varieties such as Discovery turn ripe. Plums are being picked and packed off to shops.

But the wettest April to June on record has brought one of the toughest years for some of Britain's fruit growers."

http://www.bbc.co...19244461

Bad weather happens. It isn't climate.

But don't panic. The carbon tax will kill so many jobs in Australia the demand for food will go way down.
NotParker
1 / 5 (2) Sep 02, 2012
The earth's surface area is 200 million square miles.

"Given the more than 3 million volcanoes worldwide indicated by the work of Hillier & Watts (2007)" - ParkerTard



"we expect around 3 million seamounts of h > 0.1 km."

3,000,000 higher than 100m.

http://www.earth....9874.pdf

Try and keep up with the science VD.
Vendicar_Decarian
not rated yet Sep 03, 2012
Otherwise known as a hill.

"we expect around 3 million seamounts of h > 0.1 km." - ParkerTard

I live by a hill around that size. So according to ParkerTard's diseased mind, I'm living by a volcano.

He is mentally retarded.
Vendicar_Decarian
not rated yet Sep 03, 2012
And in the U.S. the lack of winter caused fruit trees to blossom early and when some normal temperatures were had in March, the frost killed much of the apple, cherry, strawberry, peach and other soft fruits.

Russian grain crops have been significantly damaged by unusually warm weather as well.

"Record-breaking rain in the UK has blemished apples, split cherries and kept customers from pick-your-own summer berry fields. Are Britain's fruit crops ruined?" - ParkerTard

I note that earlier in the year you claimed that this year would be a great year for grain yields due to the longer growing season.

How do you explain your failure?