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Wed, 9 November 2011
The Federal Senate has voted to pass the carbon pricing mechanism, a part of the Federal Government’s Clean Energy Future legislation package.
The Senate voted 36 to 32 votes in favour of the package of 18 bills, which will see carbon priced at $23 per tonne from 1 July 2012, rising by 2.5 per cent each year during a three-year fixed price period until 1 July 2015, when the mechanism will transition to an emissions trading scheme with a price determined by the market.
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To learn more about the Federal Government's carbon pricing mechanism, read this article from EcoGeneration magazine.
To learn how your business will be affected by the carbon price, don’t miss the EcoGeneration Clean Energy Seminar Series, to learn more, click here.
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Categories: Carbon trading, Climate Change, Policy
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