ARTICLE · 18 OCTOBER 2011

Clean Energy Bill 2011 passed: The carbon price has landed

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The legislation establishes the framework for a Carbon Price Mechanism and introduces sweeping, economy-wide reforms.

AustraliaEnvironment

Scott Higgins

Stephanie Venuti

The House of Representatives last week passed the Clean Energy Bill 2011 along with 17 other bills which together make up the legislative framework for the Clean Energy Future Plan.

The legislation establishes the framework for a Carbon Price Mechanism (CPM) and looks destined for commencement by July 2012 assuming support in the Senate.

The CPM introduces sweeping, economy-wide reforms. Businesses should now be considering the new legislation and how it may affect their operations.

Cutting through the politics – a carbon tax, a carbon price or an emissions trading scheme

Understanding the CPM is assisted by some appreciation of its forebear, the now-defunct Carbon Pollution Reduction Scheme (CPRS).

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