ARTICLE · 01 OCTOBER 2012

Carbon Price Mechanism and EU carbon scheme linkage - more details revealed

Clayton Utz

Explore more from Clayton Utz

Business now has greater certainty to manage its forward carbon liability.

AustraliaEnvironment

Brendan Bateman

Trisha Cashmere

Author LinkedIn connections

Key Points:

Business now has greater certainty to manage its forward carbon liability, and, if the international carbon price remains at current levels, reduced compliance costs.

The Australian Government has moved on its promise to link the Australian Carbon Price Mechanism (CPM) and the European Union's Emissions Trading Scheme (ETS), and other changes to the CPM it announced in late August, with the introduction into Parliament last week of a new package of clean energy bills.

A number of other amendments are proposed to the application of the effective price on carbon for liquid and gaseous fuel users and those dealing with synthetic greenhouse gases, so that those who pay the carbon price outside of the CPM are paying a rate that reflects that paid by CPM participants.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

New South Wales–No Shortcuts On Scope 3: High Court Puts Scope 3 Emissions Back On The Table For Resource Projects

AustraliaEnvironment

The High Court, Scope 3 GHG Emissions And What It Means For Development Applications

AustraliaEnvironment

Holding Redlich

Australia Begins Public Consultation On Draft Evaluation Statement On The Use And Introduction Of PFAS

AustraliaEnvironment

Bergeson & Campbell

Scope 3 In Scope: High Court Of Australia’s First Climate Decision Confirms Greenhouse Gas Considerations Include Scope 3 Emissions And Clarifies The Scope Of The Assessment Of Likely Impacts

AustraliaEnvironment

Herbert Smith Freehills Kramer LLP

Keeping Up With ESG In Australia – October 2026

AustraliaEnvironment

Herbert Smith Freehills Kramer LLP

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Environment
- Environmental Law

Related Comparative Guides

Comparative Guide

Environmental, Social and Governance

Comparative Guide

Environment

See more popular content from

Environment

EPBC Act Reforms: Consultation On Proposed Regulations To Support Final Tranche Of Reforms

Australia's Department of Climate Change, Energy, the Environment and Water has released consultation papers outlining the regulatory framework for the final phase of environmental protection reforms under the EPBC Act. With submissions closing on 13 October 2026 and implementation scheduled for 1 December 2026, these reforms will fundamentally reshape how projects are assessed and approved, introducing streamlined pathways...

AustraliaEnvironment

Corrs Chambers Westgarth

New South Wales: Data Centre Guidelines Published

New South Wales has introduced comprehensive Data Centre Guidelines to manage the rapid growth of data centre investment while addressing resource, environmental and community impacts. The framework establishes six core principles with 17 performance measures covering energy efficiency, water usage, consumer cost protection, renewable energy commitments and community benefits.

AustraliaEnvironment

Keeping Up With ESG In Australia – October 2026

Our monthly ESG bulletin provides a targeted snapshot of key developments we see as reflecting the “must know” trends in the Australian market and, where relevant, the international market.

AustraliaEnvironment

Herbert Smith Freehills Kramer LLP

Corrs High Vis: Episode 62 - Power, Planning & Data Centres - Inside NSW’s New Guidelines (Podcast)

The NSW Government has released a comprehensive data centre policy framework establishing new guidelines for electricity network connections, planning approvals, and environmental standards. These reforms require data centres to contribute to network infrastructure costs, procure renewable energy, and demonstrate demand flexibility while offering streamlined approval pathways for compliant projects.

AustraliaEnvironment

Corrs Chambers Westgarth

New South Wales–No Shortcuts On Scope 3: High Court Puts Scope 3 Emissions Back On The Table For Resource Projects

The High Court of Australia has ruled that NSW planning authorities must consider Scope 3 greenhouse gas emissions when assessing resource and energy development applications. In a landmark 3:2 decision, the Court invalidated approval for the Mount Pleasant coal mine extension, establishing that consent authorities cannot fulfill their climate change obligations by examining only Scope 1 and Scope 2 emissions.

AustraliaEnvironment

Scope 3 In Scope: High Court Of Australia’s First Climate Decision Confirms Greenhouse Gas Considerations Include Scope 3 Emissions And Clarifies The Scope Of The Assessment Of Likely Impacts

This content appears to be a placeholder or test page containing only the text 'OK'. Without substantive information, it's not possible to determine the article's premise, purpose, or subject matter.

AustraliaEnvironment

Herbert Smith Freehills Kramer LLP

UN Special Rapporteur On The Human Right To A Clean, Healthy, And Sustainable Environment Intervenes In Proceedings In An Australian First

The UN Special Rapporteur on the Human Right to a Clean, Healthy, and Sustainable Environment has made history by intervening in Australian Federal Court proceedings challenging the extension of Woodside's North West Shelf gas project until 2070. The intervention raises critical questions about how international environmental law obligations should inform the interpretation of Australia's Environment Protection and Biodiversity Conservation Act, particularly regarding climate change impacts and heritage

AustraliaEnvironment

The High Court, Scope 3 GHG Emissions And What It Means For Development Applications

The High Court of Australia has delivered a landmark judgment on greenhouse gas emissions in mining development applications, examining whether consent authorities must consider conditions to minimize Scope 3 emissions. The case centers on a judicial review of the Mount Pleasant coal mine expansion approval, where the Independent Planning Commission imposed conditions on Scope 1 and 2 emissions but not on Scope 3 emissions that represented 98% of the project's total emissions.

AustraliaEnvironment

Holding Redlich

Australia Begins Public Consultation On Draft Evaluation Statement On The Use And Introduction Of PFAS

Australia's Industrial Chemicals Introduction Scheme has released a draft evaluation statement revealing which of the 522 PFAS chemicals listed on the Australian Inventory are actually being imported or manufactured in the country, their volumes, and their uses. The evaluation identifies 139 PFAS being introduced, with most used in lubricants, paints, and adhesives, while proposing to prioritize trifluoroacetic acid for risk assessment and add notification requirements for certain PFAS before commercial

AustraliaEnvironment

Bergeson & Campbell

EPBC Act: New National Environmental Standards And Commencement Of Further Reforms

Australia's Environment Protection and Biodiversity Conservation Act 1999 reforms continue to progress, with the commencement of further provisions and the introduction of four new National Environmental Standards.

AustraliaEnvironment

Corrs Chambers Westgarth