Tuesday, June 30, 2009

Carbon Pollution Reduction Scheme Bill 2009

Source: Senate Standing Committee on Economics
"The Carbon Pollution Reduction Scheme bills have been introduced to the Senate and will be debated from 22 June 2009. The Carbon Pollution Reduction Scheme (CPRS) is the cap-and-trade emissions trading scheme designed as Australia's contribution to limiting the global emissions of greenhouse gases so as to contain global warming and climate change. The CPRS is the result of a long process of analysis and consultation by successive federal parliaments and governments. A Senate Committee started examining the issue over two decades ago. The Committee was unanimous in regarding the risk of climate change as deserving a serious response."