Norton Rose at Carbon Expo Australasia 2012 - Day 2

Hot Topic

Today's hot topic is about the Government's commitment to having a robust emissions trading scheme in Australia that successfully links into the international arena. So at your next social function when the conversation inevitably turns to the "carbon tax", you may wish to raise these three points, being the key themes presented in the sessions today:

• Australia is by no means the first to price carbon – Australia is amongst the last of the OECD. The 27 European Union countries (and others who have opted in) have been operating under an ETS for a number of years, a number of state and regional schemes are in operation and development across North America (including in the Californian economy), New Zealand has an ETS, China is developing at least seven emissions trading schemes of various designs with a view to a national scheme to be implemented by 2017, South Korea has legislated for an ETS to begin in 2015 and a host of developing countries are now