Government introduces Carbon Pollution Reduction Scheme Bill into Parliament

Wilder, Martijn
August 2009
Keeping Good Companies (14447614);Aug2009, Vol. 61 Issue 7, p431
The article focuses on the introduction of the Carbon Pollution Reduction Scheme (CPRS) Bill 2009 in Australia. The Bill is aimed at introducing emissions trading across the country. The government's commitment to reduce emissions by 25% by 2020 is set out in the objects clause. Liable entities may purchase an unlimited number of emission units from the Australian Climate Change Regulatory Authority in the first year of the CPRS. Provisions on the commencement of auctions and transfer of liability are explained.


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