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ARTICLE · 31 OCTOBER 2009

Carbon Reforestation Schemes May Not Be All Blue Skies

Norton Rose Fulbright Australia
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If the Carbon Pollution Reduction Scheme Bill 2009 (Cth) is introduced into law "liable entities" will need to acquire "Australian Emission Units" (AEUs) in order to satisfy their obligations to surrender those AEUs in compliance with the CPRS legislation.

AustraliaEnergy and Natural Resources
David Porter
David Porter
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If the Carbon Pollution Reduction Scheme Bill 2009 (Cth) is introduced into law "liable entities" will need to acquire "Australian Emission Units" (AEUs) in order to satisfy their obligations to surrender those AEUs in compliance with the CPRS legislation.

AEUs will be able to be purchased from the Australian Climate Change Regulatory Authority (Authority). The Authority will also be able to issue AEUs under special schemes to assist the coal industry and trade-exposed industries. Alternatively, liable entities will be able to acquire AEUs from entities who have AEUs for sale.

After 15 December 2016 the Authority will only be able to auction AEUs, the idea being that the cost of auctioned AEUs will increase in line with market demand for them over time.

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