House of Representatives Committees

Committee activities (inquiries and reports)

Inquiry into the regulatory arrangements for trading in greenhouse gas emissions - Interim Report

Report

The Committee presented its report Regulatory arrangements for trading in greenhouse gas emissions - Interim Report to the Speaker of the House of Representatives on 25 August 1998. Copies of the contents of the report (individual chapters and other sections of the report) are available in PDF format or from the Committee Secretariat.

(To view or print the PDF documents, you will require the Acrobat PDF Reader, which can be downloaded free of charge from Adobe.)

Recommendations

List of submissions   (Includes copies of submissions)

Transcripts of public hearings

04/05/98 Sydney
05/05/98 Brisbane
20/05/98 Melbourne
25/05/98 Canberra
28/05/98 Canberra
01/06/98 Canberra
22/06/98 Canberra
29/06/98 Canberra
02/07/98 Canberra
10/07/98 Perth

Government Response (PDF format)

Table of contents of report: Regulatory arrangements for trading in greenhouse gas emissions - Interim Report

Terms of Reference - PDF or Word Format

Membership of the Committee - PDF or Word Format

Recommendations - PDF or Word Format

Regulatory arrangements for trading in greenhouse Gas Emissions - PDF or Word Format

Introduction

Principles for designing an emissions trading scheme

Consultation

Coverage

Measurement and estimation issues

Dealing with small, diffuse, numerous emitters

Dealing with emissions-intensive industries

Sinks

Definition of sinks

Measurement and estimation

Permits to emit

Setting the cap

A property right or a licence to emit?

Size of permits

Permit holders

Where in the production chain should permits be held?

Ownership issues

Life of permits

Permit allocation

Grandfathering

Auction

Retaining a reserve of permits

Conclusion

Banking and borrowing permits

Managing carbon credits from sinks

The market

The emergence of the market

Prerequisites for an efficiently functioning market

A large number of participants

A valid product

A standard product

Information

Minimal operating costs

Appropriate regulation

Market structure

Regulation of emissions trading

Regulatory framework and a central authority

Monitoring, reporting and audit

Penalties

Costs

The timing of the introduction of an emissions trading scheme

Early introduction of emissions trading

'Wait and see' approach

Trialing emissions trading

Key Conclusions

Coverage issues

Permit system

The market

Regulation

Introducing emissions trading

Consultation

Recommendations

APPENDIX A: INDEX OF SUBMISSIONS AND EXHIBITS - PDF or Word Format

APPENDIX B: PUBLIC HEARINGS, DISCUSSIONS AND INSPECTIONS - PDF or Word Format

APPENDIX C: OVERVIEW OF THE KYOTO PROTOCOL - PDF or Word Format

 

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