Most Australian companies, including those already acting to reduce their greenhouse gas pollution, are far from ready for the introduction of emissions trading, according to consultancy group Ernst & Young.
Companies emitting more than 125,000 tonnes of carbon dioxide-equivalent annually are required to begin annual reporting by July 1 next year.
Rules affecting companies emitting as much as 50,000 tonnes are to be phased in over the following two years.
"There is quite a difference between what's happening now, and the underlying resources and rigour in the measurement processes, and so forth, and what will be required when there's a dollar value on carbon," said Liza Maimone, a partner with Ernst & Young's Climate Change Services team.
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