On July 28, the Australian government released 14 proposed bills that aim to introduce a price on industry's carbon dioxide emissions. The critical measure is a Clean Energy Bill that would establish a carbon price regime to begin in mid-2012 with a three-year fixed price period. The clean energy bill would establish industry assistance measures. The other 13 bills would establish the scheme's administering agency, known as the Clean Energy Regulator, and to create an independent Climate Change Authority, which would advise on carbon price scheme caps and on progress toward meeting national targets. The government plans to have the final version of the bills through parliament by the end of the year.
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Australia plans to set price on carbon
- Mintz Levin Cohn Ferris Glovsky and Popeo PC
- David Leiter and Daniel Phillips
- July 31 2011
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