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ARTICLE · 08 DECEMBER 2009
Sustainability and Climate Change Update: The Carbon Pollution Reduction Scheme
Maddocks
The proposed CPRS establishes a ‘cap and trade’ scheme. This scheme involves the imposition of a cap on Australia’s greenhouse gas emissions. The cap is established through the issuance of a set number of Australian Emission Units (AEU s). Under the scheme, significant emitters of greenhouse gases must acquire and surrender an AEU permit for every tonne of gas emitted in a particular year.
AustraliaEnvironment





