Can Hunt sell the Senate a half-baked Direct Action?

Can Hunt sell the Senate a half-baked Direct Action?

In the wake of the Carbon Pricing Mechanism’s repeal, the government is tasked with a short-term challenge. Having reaffirmed its commitment to achieving Australia’s current Kyoto Protocol target (unconditionally reducing our 2020 emissions by 5 per cent compared with 2000 levels) the government, somewhat awkwardly, does not have an active policy mechanism to achieve this.

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Australia makes waves in the international carbon market

Australia makes waves in the international carbon market

Last week Net Balance attended the Carbon Forum  Asia, held in Bangkok, 30 – 31 October. The forum focused on the  state of the global carbon market, and the potential to develop new market  mechanisms to tackle climate change. Given the current state of the  international markets, with most prices near their lowest points and no  near-term solution at hand, enthusiasm for significant progress in the next  negotiations under the United Nations Framework Convention on  Climate Change (UNFCCC) in Doha in late November was muted.

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