Special Report Carbon Trading - Australia's CPRS getting to the start line
Australia is set to introduce a national emissions trading scheme in 2010. However, there is still much uncertainty surrounding the scheme. Katie Holliday looks at how companies are preparing for it
Australia's plans for a cap-and-trade carbon scheme in 2010 are back on track after the recent cancellation of an inquiry that could have potentially derailed it.
The scheme, first put forward in 2008 under the previous John Howard government, was advanced by Prime Minister Kevin Rudd in a White Paper in December 2008. However, on February 12 this year, Treasurer Wayne Swan called for a fresh inquiry into whether carbon trading is the best method for tackling Australia's climate change issues
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