Anderson, Grant
June 2010
Monash University Law Review;2010, Vol. 36 Issue 1, p304
Academic Journal
The article reports that Australian emissions trading scheme be introduced as reflected on the scheme contemplated by the Carbon Pollution Reduction Scheme (CPRS) bill in Australia. It explains CPRS as a cap and trade scheme where cap consists of the government setting by regulations and aggregate number of tonnes of carbon dioxide equivalent of greenhouse gases covered by the CPRS. Meanwhile, it expounds that trade component is a mechanism whereby liable entities that value the Australian emissions units (AUEs) acquire AEUs to cover emissions.


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