Australian Carbon Pollution Reduction Scheme green paper – Proposed approach on allocation
21 July 2008
Briefing for the Stationary Energy and Industrial Processes
Technical Advisory Group (SEIP TAG)
Prepared by the Emissions Trading Group
The Australian Federal Government has recently released a green paper on the design of its national emissions trading scheme – the Australian Carbon Pollution Reduction Scheme (CPRS). The paper identifies the key design decisions that are required, discusses alternative approaches, and in most instances indicates a preferred approach. Submissions on the green paper are due by 10 September 2008. The Australian Government then plans to issue a white paper outlining its final decisions on scheme design, and an exposure draft of the required legislation, by the end of 2008.
This briefing note summarises the Australian government’s currently preferred design in relation to the free allocation of permits under the scheme. It then contrasts that with the approach that has been taken in New Zealand.
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