Australia Discussing Possible Changes in Carbon-Price System

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Australia Discussing Possible Changes in Carbon-Price System - Businessweek

Australia’s government is holding talks with businesses about possible changes in pricing for emission permits in a program started July 1.  “Discussions are continuing and no decisions have been made,” the office of Climate Change Minister Greg Combet said today in an e-mailed statement.  The government may scrap a proposed minimum price of A$15 ($15.80) and restrict access to cheaper international carbon credits, the Australian Financial Review reported today, without citing where it got the information. The government is in negotiations with the Greens, the political party that Gillard relies on to pass laws in the lower house of parliament, over the proposal, the newspaper said.

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Thomson Reuters Point Carbon's OTC price assessments

		Close	+/-
EUA	Dec 2012	7.17	-0.06
sCER	Dec 2012	2.92	-0.03

 

 

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Incentive to Slow Climate Change Drives Output of Harmful Gases

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Incentive to Slow Climate Change Drives Output of Harmful Gases - NYTimes.com

When the United Nations wanted to help slow climate change, it established what seemed a sensible system.  Greenhouse gases were rated based on their power to warm the atmosphere. The more dangerous the gas, the more that manufacturers in developing nations would be compensated as they reduced their emissions.  But where the United Nations envisioned environmental reform, some manufacturers of gases used in air-conditioning and refrigeration saw a lucrative business opportunity...