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Federal pre-election greenhouse credits: Abatement Incentives before start of Emissions Trading Scheme public meetings hosted by Dept of PM and Cabinet

Posted by gmarkets on 17 October, 2007

On 24 September 2007 the Department of Prime Minister and Cabinet released for public comment a discussion paper: Abatement Incentives Prior to the Commencement of the Australian Emissions Trading Scheme, reported The Australian Financial Review.

Proposals included in the paper: The paper included proposals for:
• arranging to ensure firms were not disadvantaged in their permit allocations for undertaking new abatement prior to the emissions trading start date;
• defining ‘existing assets’ eligible for compensation for disproportionate loss; and
• providing incentives for new, additional abatement prior to the commencement of the emissions trading scheme.

Web site to obtain discussion paper: The discussion paper could be downloaded from the Department of the Prime Minister and Cabinet’s emissions trading website: http://www.pmc.gov.au/climate_change/emissions/early_action/

Details of public consultation sessions: Interested parties were invited to attend public consultation sessions on the proposals outlined in the discussion paper. The public consultations were to be held at the following locations:

Location Date and Time Venue

RSVP requested: People planning to attend were invited to RVSP with attendance details via email to emissionstrading@pmc.gov.au. by Monday 22 October 2007.

The Australian Financial Review,

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