Carbon pollution reduction scheme: green paper

Source: Dept. of Climate Change
"Fundamental to the Government’s climate change strategy is a Carbon Pollution reduction Scheme. It is the best way to reduce carbon pollution while minimising the impact on business and households. The Government’s Carbon Pollution Reduction Scheme will, for the first time, place a limit, or cap, on the amount of carbon pollution industry can emit. It will require affected businesses and industry to buy a ‘pollution permit’ for each tonne of carbon they contribute to the atmosphere, giving them a strong incentive to reduce pollution."