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14.09.2011 14:13Australia Adds Opt-In Rule for Polluters in CO2 Scheme
Emissions trading and more flexible pricing follows three years later, assuming parliament passes the package before the end of this year
© Vermin Inc@flickr.com
Big fuel users such as airlines, miners and rail transport firms may opt-in to Australia's carbon pricing scheme to help manage their carbon costs, the government said on Wednesday.
The rule change, included in a suite of carbon pricing laws introduced into the lower house of parliament on Tuesday, was made at the request of major companies such as Qantas to improve risk management, Reuters reported.
Under the national carbon pricing scheme, about 500 top polluters responsible for 60 percent of the country's greenhouse gas emissions will have to pay 23 Australian dollars (USD 23.5) for each tonne of carbon emissions from July 1 next year.
Emissions trading and more flexible pricing follows three years later, assuming parliament passes the package before the end of this year.
Large companies, such as miners with large diesel bills for transport, will have to pay an effective carbon price through fuel excise and fuel tax credit schemes. Opting in allow firms to manage these carbon costs themselves, such as buying domestic carbon offsets.
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