The Australian Rudd Government has announced this morning that from 1 January 2011 the Renewable Energy Target will be separated into two parts and a fixed price of $40 per megawatt hour will be set for small-scale technologies. Renewable energy developments in Australia have been hampered by a plummeting REC price, driven by […]
In a tumultuous week for Australian politics, the Australian Senate has voted against implementing an Emissions Trading Scheme (ETS). The week has already claimed the scalp of Malcolm Turnbull, the leader of the opposition, who had advocated the ETS be adopted into law, albeit with amendments. But Mr Turnbull was ousted by his party and […]
The price of voluntary carbon credits has risen by 26% on 2007 prices and 60% on 2006 prices, says industry analyst New Carbon Finance. The figures are obtained from the company’s recently launched “Voluntary Carbon Index”, part of their research into the regulatory development of the North American carbon markets.
The VCI was created […]
Professor Ross Garnaut, adviser to the Australian Government, released his long awaited green paper today. In it he suggests all sectors, including the transport sector, will be included in the new Emissions Trading Scheme (ETS).
There is much debate in Australia about the impact this will have on the cost of petrol, which is already pushing […]