BCA Willingness Needed to Establish Emissions Trading Scheme

The Prime Minister’s announcement that Australia will establish a comprehensive ‘cap-and-trade’ emissions trading scheme by no later than 2012 poses an important question: what are the necessary steps for government and business to establish an effective trading system by that deadline?

The Business Council of Australia is pleased the federal government has endorsed the importance of a market mechanism in addressing what is a long-term, complex economic and environmental problem. We are also confident that businesses will not be disadvantaged if they take early action to reduce their emissions between now and the start of trading.

As the BCA identified in April in its paper, Strategic Framework for Emissions Reduction, a cap-and-trade emissions trading scheme is the most effective way of reducing emissions over the long term while protecting our economic prosperity.

See full Press Release.