Penny Wong on the green paper and emissions trading scheme
July 13, 2008
The Government’s plans for the Australian emissions trading scheme (AETS) will become clearer this week with the release of the green paper on Wednesday. Climate Change Minister, Penny Wong has emphasised that the paper is a discussion paper - a part of the public consultation process and not the Government’s final policy. The paper will detail whether plans will include petrol in the scheme and how households will be compensated. It will outline key design elements of the AETS including the requirement for around 1000 Australian companies, primarily the large polluters, to obtain carbon credits under the scheme.
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