Parliamentary Library Blog

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  • Chronology of climate change in Australia

    Posted 3/12/2013 by Anita Talberg
    The Parliamentary Library has published a timeline of climate policy in Australia. The chronology begins in the 1970s, around the time that the Australian Academy of Sciences published a report asserting that human activities are likely to contribute to warming. The document charts the journey of Australian climate policy from then until today.The chronology reminds us that in the 1980s Australia considered an emissions reduction target of 20% on 1988 levels by 2005. This target was indeed adopt... Read more...

    TAGS: climate change, emissions trading

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  • Stronger targets proposed in Climate Change Authority draft report

    Posted 30/10/2013 by Anita Talberg
    Today the Climate Change Authority (CCA) released a draft version of its ‘Targets and Progress Review’. The review, which according to the Clean Energy Act 2011 must be finalised by 28 February 2014, is to be used by the Minister in determining Australia’s emissions reduction goals under the carbon price mechanism. The draft report proposes two sets of caps; each set of caps defines a different emissions trajectory between now and 2020, and then to 2030. The CCA is calling for stakeholder input ... Read more...

    TAGS: Carbon Pricing Mechanism, climate change, emissions trading

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  • Countries trading greenhouse gas emissions

    Posted 6/06/2013 by Anita Talberg
    Over the last three years, the global carbon market has more than doubled in volume but almost halved in value. In that time a further eight countries, states or cities have adopted a carbon market as their primary means for reducing greenhouse gas emissions. Yet the price for one tonne of carbon dioxide equivalent has dropped by as much as 100 per cent in some markets. A new paper from the Parliamentary Library provides a basic overview of the size and value of the global carbon market and de... Read more...

    TAGS: carbon markets, Carbon Pricing Mechanism, climate change, emissions trading

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  • Trading aviation emissions – Part 3: Australia outlines its position

    Posted 17/08/2012 by Anita Talberg
    The Government yesterday announced solidarity with a number of other countries opposing the EU’s move to include international aviation in its emission trading scheme. The motion was originally put forward by Nationals Leader Warren Truss who has been active in raising awareness on the issue. The Government supported Mr Truss’ motion. Two previous FlagPosts (this one and this one) outline why the EU's decision has been controversial and what reactions there have been. This FlagPost summarises Au... Read more...

    TAGS: aviation, climate change, emissions trading

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  • Korea passes ETS but details are hazy

    Posted 3/05/2012 by Anita Talberg
    Legislation for a mandatory greenhouse gas emissions trading scheme (ETS) has passed South Korea's unicameral National Assembly with bipartisan support. However, many important details have still to be finalised. This FlagPost provides a summary of the Korean scheme with a little bit of background.  With a planned start date of 1 January 2015, the Korean ETS is expected to cover at least 450 entities and about 60 per cent of national greenhouse gas emissions. All industries and buildings are in... Read more...

    TAGS: climate change, emissions trading, Korea

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  • Trading aviation emissions - Part 2

    Posted 28/04/2012 by Anita Talberg
    The leader of the Nationals, Warren Truss, has called the EU's inclusion of aviation in its emission trading scheme (ETS) an 'iniquitous tax', siding with a number of countries that oppose the move. In its FlagPost Trading aviation emissions from February, the Parliamentary Library outlined the main elements of the EU's decision and some of the international relations issues that have arisen. Since then, a series of new developments have taken place and the debate is far from resolved. This Flag... Read more...

    TAGS: aviation, climate change, emissions trading

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  • Trading aviation emissions

    Posted 1/02/2012 by Anita Talberg
    For the first time, Qantas and other airlines are being held accountable for greenhouse gas emissions from their international flights—at least for those flights using an airport within the European Union (EU). The move by the EU to price and restrict greenhouse gas emissions from European flights has been a contentious one. This FlagPost explains the basic mechanics of the EU’s decision and highlights some of the issues being raised. The latest report from the Intergovernmental Panel on C... Read more...

    TAGS: aviation, climate change, emissions trading

    Comments (0)
  • The CFI laid bare

    Posted 24/05/2011 by Anita Talberg
    During the 2010 election, the Government announced that, if re-elected, it would introduce a new program, the Carbon Farming Initiative (CFI), to pay landholders for helping to reduce atmospheric greenhouse gas concentrations. On 24 March 2011, legislation for the CFI and two related bills was introduced into the House of Representatives. The debate is expected to take place this week. On the whole, the legislation has been well accepted by stakeholders, but there remain a number of contentious ... Read more...

    TAGS: climate change, emissions trading

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  • Carbon tax rate considerations

    Posted 10/03/2011 by Anita Talberg
    The Government’s recent proposal for tackling rising levels of Australian greenhouse gas emissions is a two-stage carbon price mechanism. The first stage of the scheme is a carbon tax. After three to five years, this will be transitioned into stage two, a cap-and-trade emissions trading scheme (ETS). The details of this architecture are unconfirmed, and there has been speculation over the level of the first-stage tax. There are also opposing views arguing that carbon pricing is not likely to be ... Read more...

    TAGS: climate change, emissions trading

    Comments (0)
  • Emissions Trading – Some developments since late 2010

    Posted 2/03/2011 by Anita Talberg
    In November 2010 the Parliamentary Library published a Background Note outlining operating and proposed emissions trading schemes around the world. Since that publication, there have been several new developments:  the proposed South Korean Emissions Trading Scheme will commence operations in 2015 instead of the 2013 date that had been speculatedthe legislation implementing the proposed Japanese emissions trading scheme is currently under review. If the scheme goes ahead it most likely will comm... Read more...

    TAGS: climate change, emissions trading

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