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Details Of The Proposed Carbon Pricing Mechanism

The Multi-Party Climate Change Committee has proposed a carbon price leading to an emissions trading scheme.

The carbon price is to take effect from July 1, 2012. A fixed price will operate for 3-5 years, after which a full cap and trade emissions trading scheme will take its place.

Details of the Carbon Price Mechanism are shown below.

Statement from Prime Minister Julia Gillard and Climate Change and Energy Efficiency Minister Greg Combet.

Climate change framework announced

The Prime Minister Julia Gillard today outlined the Government’s plan to cut pollution, tackle climate change and deliver the economic reform Australia needs to move to a clean energy future.

This is an essential economic reform, and it is the right thing to do.

The two-stage plan for a carbon price mechanism will start with a fixed price period for three to five years before transitioning to an emissions trading scheme. [Read more…]


Gillard, Greens And Independents Agree On Carbon Price And Future ETS

Prime Minister Julia Gillard has announced that the Multi-Party Climate Change Committee has agreed on a carbon mechanism which involves a fixed price on carbon for three to five years followed by a full cap and trade emissions trading scheme.

Gillard and Climate Change Minister Greg Combet spoke at a press conference today with the Greens Senator Bob Brown and Senator Christine Milne. They were accompanied by the independent members Tony Windsor and Rob Oakeshott.

The carbon pricing mechanism is to be introduced on July 1, 2012. The details of the scheme will be developed over the next few months. [Read more…]