The Australian Government has recently conducted public consultations on:
  • registry arrangements to facilitate linking with the EU ETS; and
  • policies, procedures and rules for auctioning carbon units early in 2014.

We will provide you with further analysis of these developments after they have been finalised.

The Department of Industry, Innovation, Climate Change, Science, Research and Tertiary Education (Department) is currently seeking submissions on a proposed methodology for calculating the international reference price for “carbon” from 1 July 2015. Please click here for a copy of the position paper. The closing date for submissions is Friday, 26 April 2013.

The Department is also currently seeking submissions on a proposed approach and assumptions that will underpin annual modelling of the Australian economy to develop projections of Australia’s greenhouse gas emissions - the results of which will be a key input into the Climate Change Authority’s recommendations (required by February 2014) on the level of greenhouse gas emissions caps for the carbon pricing mechanism, indicative national emissions trajectory and carbon budget. Please click here for a copy of the Overview document and supporting papers containing assumptions for electricity generation, transport and agriculture. The closing date for submissions is Friday, 3 May 2013.

Today, 23 April 2013, the Climate Change Authority announced that it is seeking submissions on a proposed approach to the Caps and Targets Review. One of the key recommendations arising from this review will be the pollution caps - or more specifically the total number of carbon units to be issued (for free and at auction) for FY16, FY17, FY18, FY19 and FY20. Please click here for a copy of the Issue Paper. The closing date for submissions is Thursday, 30 May 2013.