What is the Carbon Pricing Mechanism? The Carbon Pricing Mechanism (CPM) is a mechanism by which businesses pay a charge for each tonne of carbon pollution they emit each year. The following industries will be covered by the CPM: Stationary energy Industrial processes Fugitive emissions (but excluding those from decommissioned coal mines); and Emissions from…
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The Govermnet has released a green paper in which it proposes a cap and trade scheme and commits to reducing Australia’s greenhouse gas emissions by 60% below 2000 levels by 2050. At the heart of the Scheme is emissions trading, in which the Government sets a limit on how much carbon pollution industry can produce,…
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An emission trading scheme typically works in this way: The government sets emission reduction targets in line with their protocol and other commitments. Businesses in sectors covered by the emissions trading scheme, whose greenhouse gas emissions are above a threshold, report those emissions to the government. The government uses its own short-term and long-term emission…
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