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ARTICLE · 18 MARCH 2009

Climate Change: Australian Emission Units Explained

The Federal Government's Carbon Pollution Reduction Scheme Bill 2009 released on 10 March 2009 outlines the government's vision for its carbon pollution reduction scheme.

AustraliaEnvironment

The Federal Government's Carbon Pollution Reduction Scheme Bill 2009 released on 10 March 2009 outlines the government's vision for its carbon pollution reduction scheme (CPRS).

In essence, the CPRS involves a cap and trade system whereby:

  • persons, generally emitters, will be liable for their emissions of carbon dioxide equivalence of greenhouse gasses; and
  • those liable persons will be required to surrender an Australian emissions unit for each tonne of carbon dioxide equivalence for which they are liable.

Our paper of 11 March 2009 outlined the key question of coverage; namely who would be liable for emissions under the scheme. A copy of that paper is available at our website, www.hopgoodganim.com.au.

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