Sacramento Adult Entertainment: Australia’s Simpler CO2 Plan May Jump Hurdles, Clayton Utz Says
Australia said Aug. 24 it may introduce further restrictions of the use of international offsets in its planned carbon program. The program is designed to start with a fixed price of A$23 ($24.50) a metric ton of emissions starting in July next year.
Australia already proposed to ban use of some industrial- gas emission offset credits, including those from projects that cut hydrofluorocarbon-23 gas, according to an e-mailed response to questions by the office of Greg Combet, the country’s climate change minister in Canberra, the nation’s capital.
‘Further Restrictions’
“Further restrictions on the use of international permits may be added on the advice of the Climate Change Authority, a new independent body that will be established to advise the government on key aspects of the carbon-price mechanism,” according to the statement.
Claims from political opponents in Australia that Labor Party lawmaker Craig Thomson misused his union credit card to pay prostitutes might threaten Prime Minister Julia Gillard’s carbon plan, Bloomberg New Energy Finance said Aug. 24.