15.12.2011 - Australia, New Zealand plan to link emissions trading schemes
While discussions at this year’s UN climate negotiations in Durban, South Africa were still underway, some countries also made moves outside of the multilateral setting in an attempt to strengthen international climate change co-operation. Australia and New Zealand revealed plans last week to link their emissions trading systems as soon as 2015, once Australia has moved from a fixed carbon tax to a flexible price mechanism. Australia’s Clean Energy Bill overcame its final hurdle last month, with the Senate passing the law to introduce a carbon tax in July 2012..............................................Full Article: Source
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