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ARTICLE · 29 SEPTEMBER 2012

Three must-know developments in carbon, energy and mining

Colin Biggers & Paisley
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International carbon scheme linking, energy use forecasting, and whither the mining boom.

AustraliaEnergy and Natural Resources
Julian Mellick
Julian Mellick

In brief – Linked carbon scheme; renewable energy of the future; mining and petroleum exploration figures

Australia and Europe are to link their emissions trading systems fully by 2018. The future of energy is in renewable technologies like solar photovoltaic and wind on-shore. Mining figures are slowing but still encouraging.

Carbon

A new linked carbon scheme instead of a carbon floor

Australia and Europe will fully link their emissions trading systems by 2018, according to a 28 August 2012 announcement by the Australian Minister for Climate Change and Energy Efficiency.

This means that carbon permits will no longer be limited by a $15 minimum price floor, but will match the EU ETS price which is currently much lower.

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