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ARTICLE · 03 SEPTEMBER 2008

The Emergence Of Energy Efficiency Target Schemes

Norton Rose Fulbright Australia
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While the Federal Government's Green Paper advocates that a cap and trade emissions trading scheme will be the primary measure to achieve Australia's greenhouse emission reduction targets.

AustraliaEnergy and Natural Resources
Eric Coonan
Eric Coonan
Rachael Webb
Rachael Webb
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While the Federal Government's Green Paper advocates that a cap and trade emissions trading scheme (to be known as the Carbon Pollution Reduction Scheme (CPRS)) will be the primary measure to achieve Australia's greenhouse emission reduction targets, the Green Paper also confirmed the role of complementary measures to achieve these targets. There is general consensus that many cost-effective energy efficiency opportunities may not be implemented under an emissions trading scheme alone, because of market failures and barriers which prevent the uptake of the energy efficiency opportunities that may be created by a price on carbon.

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