Australia Mulls Delaying Carbon Trading
Down Under, carbon trading may about to go under – at least for now.
Citing the financial turndown, business groups are pressuring the Australian government to delay a carbon trading program until 2012. Australia’s program, which is to take effect July 2010, aims to reduce greenhouse gas emissions at least five percent by 2020 from 2000 levels.
The Australian Industry Group, which represents manufacturing, engineering and construction firms, wants the program delayed, saying higher carbon costs would strain business and the community.
Australian Climate Change Minister Penny Wong said the government wants laws for carbon trading to pass through parliament by the end of June.
If it goes through, Australia’s plan would be the world’s broadest carbon trading program, covering three-quarters of the nation’s emissions and Australia’s 1,000-biggest firms.
A panel at Davos 2009 discussed the merits of carbon trading as a way to combat rising emissions. See the video here.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Energy Storage in the Fast Lane
- Alberta Firm Aims for Energy Neutral Egg Laying Barn
- The Department of Energy Seeks to Improve the Better Buildings Challenge
- Behind the Meter: The Many Advantages of Energy Benchmarking
- Telecommunications Companies Upgrade Their Approaches to Energy
- Cutting Energy Use in Fire Stations
- Revolution Lighting Signs School Districts in NY, NJ
- Green Building Boom Is Pumping Billions into US Economy, Retrofits Are Fueling the Trend