Thursday, October 18, 2007
Australians are still 'carbon amateurs'
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.
See full Article.