What’s The Deal With Emissions Trading?

Coal fired power plant

Just at the time Australia is launching into an emissions trading scheme, the EU one appears to be faltering. Eek. In this post we’ve collected links to articles and videos on the European scheme and the political stoush that’s happening here in Oz. (We predict it’s only a matter of time before the Opposition here cotton on to the European failings.) And of course there’s the question of – what the hell is an emssions trading scheme anyway? Plenty of people wouldn’t have the foggiest. We explain here at the end. Click on.

It’s all set to hot up due to the timelines the Australian Government has set itself – to introduce the scheme by mid-2010. The Climate Minister Penny Wong should be unveiling the new legislation next month or so. And in a strange twist, the Greens have sided with the Conservatives to force a Senate Inquiry. So we’re bound to see more of this in the news. And more time lost. Plus, to complicate things, at the end of the year we have the big meeting in Copenhagen where the nations of the world come together to hammer out a post-Kyoto agreement.

Related articles:
The collapsing carbon market in Europe is making mega-pollution dirt cheap (The Guardian)
Emissions Trading scheme explained by Ross Gittins (Herald)
Our collection of news stories on carbon emissions & emissions trading

The EU’s emissions trading scheme
How carbon trading could solve global warming

Here’s an old podcast interview we did with Matt Dever from Emit Brokers explaining how carbon trading works.

Coal power plant photo courtesy of Wigwam Jones on flickr.

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