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An AustrAliAn emissions trAding 14 scheme

An AustrAliAn emissions trAding scheme Key points 14. A principled approach to the design of the AustrAliAn emissions trAding scheme is essential if the scheme is to avoid imposing unnecessary costs on Australians. The integrity, efficiency and effectiveness of the scheme will require: establishment of an independent carbon bank with all the necessary powers to oversee the long-term stability of the scheme implementation of a transition period from 2010 to the conclusion of the Kyoto period (end 2012) involving fixed price permits credits to trade-exposed, emissions -intensive industries to address the failure of our trAding partners to adopt similar policies no permits to be freely allocated no ceilings or floors on the price of permits (beyond the transition period).

AN AUSTRALIAN EMISSIONS TRADING SCHEME 14 325 14.2.1 Establishing and changing the scheme’s emissions limit An emissions permit will enable the holder to …

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