Posts Tagged ‘trading scheme’
Australia’s Carbon Pollution Reduction Scheme (CPRS) is scheduled to commence on the 1st of July 2010. The goal of the scheme is to transform Australia’s economy and encourage investment in projects that reduce Australia’s carbon footprint.
In this new carbon-limited economy, all Australian households and businesses will be affected through higher energy costs. Carbon intensive businesses will be more directly impacted as liable businesses under the scheme.
The Government will create a limited and reducing number of carbon pollution permits each year that will reflect Australia’s overall cap on emissions. Liable businesses will be required to acquire permits for all of their emissions that aren’t otherwise abated or offset. These permits will be auctioned by the government and then will also be able to be bought and sold on an open market.
Liable businesses will need to respond by developing a new organisational capability: carbon cost optimisation. You can read more about these changes, and options for responding, in our carbon cost optimisation white paper.
