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ARTICLE · 30 DECEMBER 2008

White Paper Vs Green Paper - The Next Step

While several key elements remain the same, a number of heavily negotiated elements have now been confirmed.

AustraliaEnergy and Natural Resources

Key Point

  • While several key elements remain the same, a number of heavily negotiated elements have now been confirmed.

With the release of the White Paper we reflect on the key elements that remain the same and those significant elements which are either confirmed or are a departure from the Government's preferred position under the Green Paper.

Later in the week we'll dig into the White Paper in greater depth.

What's the same?

Several key elements remain the same:

Commencement

The timetable remains broadly the same with commencement of the CPRS scheduled for July 2010.

Coverage

All six greenhouse gases under the Kyoto Protocol remain under the scheme and there are no changes to the sectors covered, with forestry to remain as opt-in, and the future inclusion of agriculture to be decided on in 2013 but earliest inclusion date being 2015.

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