Australia Unveils Draft Emissions Trading Scheme Legislation

 

There was a flurry of media activity yesterday and today ahead of the release of the Australian Government's Emissions Trading Scheme draft legislation, which was unveiled a short time ago. (Skip to legislation outline)

Last night the Greens and Coalition formed an alliance in regards to a senate inquiry into the Government's Carbon Pollution Reduction Scheme. Yesterday, Professor Ross Garnaut, who is the government's climate change advisor, told Four Corners that he is disappointed with the scheme. Professor Garnaut said  industries that are the highest emitters of greenhouse gas have had too much influence over the scheme and that the Government's emissions reduction targets are too low.

The Australian coal industry took the opposite stance, crying foul, saying it had been unfairly excluded from receiving free emissions permits - even though it will receive hundreds of millions of dollars in compensation from the Federal Government. Former treasurer Peter Costello has said the Government should reconsider the ETS in the light of the economic crisis. Malcolm Turnbull would prefer to see a start date of 2012 and Nationals Senate leader Barnaby Joyce said he could not see how the legislation would pass.

The ETS is rapidly shaping up to be the issue that defines the Rudd Government's time in power due to its far reaching implications for Australia and for that matter, the world. 

However, with all the debate over the ETS, something that not many politicians appear to be keeping in mind according to some green groups is every minute of every day, greenhouse gases are being spewed into the atmosphere at an ever increasing rate; pushing humanity ever closer towards a point of no return from catastrophic climate change. Some say that we've already arrived at that point and that the time for debate is over and radical action from government is needed immediately.

Draft Emissions Trading Scheme Legislation Summary

After months of criticism and heated debated from all corners, the draft legislation for the Emissions Trading Scheme has finally been released and as was expected, the Government has adhered closely to its recent Carbon Pollution Reduction Scheme white paper. The following is a brief, simplified outline of the 392 page Carbon Pollution Reduction Scheme Bill 2009 document:

- The Act will set up a scheme to reduce pollution caused by emissions of carbon dioxide and other greenhouse gases.

- The scheme will begin on 1 July 2010, and operate on a financial year basis.

- The scheme is administered by the Australian Climate Change Regulatory Authority.

- A person who is responsible for greenhouse gas emitted from 4 the operation of a facility must surrender one eligible emissions unit for each tonne of carbon dioxide equivalence of the gas.

- A person who imports, manufactures or supplies synthetic greenhouse gas must surrender one eligible emissions unit for each tonne of carbon dioxide equivalence of the gas.

- A person who imports, produces or supplies eligible upstream fuel must surrender one eligible emissions unit for each tonne of carbon dioxide equivalence of the potential greenhouse gas emissions embodied in the fuel.

- Each of the following units are eligible emissions units:
(a) Australian emissions units issued under this Act;
(b) certain Kyoto units;
(c) certain non-Kyoto international emissions units.

- Most Australian emissions units will be issued as the result of an auction.

- A national scheme cap limits the total number of auctioned Australian emissions units.

- Some Australian emissions units may be issued free of charge or for a fixed charge.

- Australian emissions units are transferable.

The full Emissions Trading Scheme draft legislation can be viewed here.

ETS Roadmap

The Emissions Trading Scheme timetable from this point according to the Department of Climate Change's web site at the time of publishing:

March to April 2009: Phase 3 consultation of exposure draft legislation
May 2009: Bill introduced into Parliament
June 2009: Government aims to achieve passage of bill by Parliament at this time
3rd quarter 2009: Act enters into force; scheme regulator established
2010: Emissions trading scheme will commence

While high polluting industries have continually raised the spectre of massive job losses as a result of the implementation of the Emissions Trading Scheme and in spite of the global economic crisis, Australians still appear to be worried about the issue of global warming impacts. According to a survey of 1,400 people commissioned by The Climate Institute, 78 percent  indicate concern over climate change. Supporters of renewable energy have said that the economic and climate crisis actually provides a great opportunity for Australia to restructure, a "green new deal", turning jobs with high polluters into careers in clean energy.

Earth Hour 2009

 

The greenest megawatt of electricity is the one you don't have to generate - and if last year's Earth Hour is any indication, quite a few megawatts will be saved during the upcoming event.  

Earth Hour 2009 is an initiative of the WWF where individuals, businesses and governments turn off their lights for one hour to show their support for action on climate change. This year's event will be held Saturday, March 28, 2009 at 8:30 pm-local time.

Originally an Australian event, cities in more than 60 countries around the world have committed to Earth Hour 2009. Locally, over 100 councils have already signed up to participate.

This year's Earth Hour will represent a major push is for an effective international agreement at the Copenhagen climate conference, a conference seen by some as a last ditch effort to secure policies that will prevent catastrophic and irreversible climate change. Among the issues to be highlighted is establishment of a solid global carbon market and other financial processes that promote renewable energy investment in developing countries, support the implementation of basic clean energy infrastructure in least developed countries, and deliver deep emissions reductions within developed countries.

Over 50 million people, representing over 400 cities on all seven continents, took part last year, making Earth Hour 2008  the largest climate event of all time. 58 per cent of Australian adults in capital cities participated by turning off the lights at home (56%), turning off some household appliances (46%), and taking the mobile phone off charger off standby (37%).

While a symbolic act, the WWF points out that actions such as the Vietnam War protests and the Sorry Day march do help drive positive change and Earth Hour is a way for people to get involved; no matter their location, age or income level.

Businesses in particular are being encouraged to participate in Earth Hour 2009. In Australia, if the commercial sector turned off lights when buildings weren't in use and combined this action with other cost effective energy efficiency technology, the WWF says lighting greenhouse gas emissions could be slashed 70-80%.

News for Monday 09 March, 2009

 

• Solar Energy: Turning Carbon Dioxide To Methane
  


• Betting Big On Solar Power In Atlantic City
  

View all news for Monday 09 March, 2009 on one page

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