Australia and New Zealand to Link Carbon Trading Schemes in 2015
In further news which proves the ever-increasing popularity of trading emissions, the Australian and New Zealand governments announced this week that they could link their carbon trade schemes as soon as 2015, reveals London Carbon Credit Company (http://www.londonccc.co.uk/). Australia’s Minister for Climate Change Greg Combet and his New Zealand counterpart Tim Groser said in a joint statement that “Markets are the way to cut our emissions at least cost. That is why Australia is working with New Zealand to develop them domestically and internationally.”
This news comes soon after Australia moved from a fixed carbon tax to the world’s second-largest market scheme in order to cut emissions in a bid to tackle climate change. New Zealand began trading carbon in July 2010 with the aim of cutting greenhouse gas emissions at a rate of between 10 and 20 per cent by the year 2020. Government officials from both countries recently began discussing the possibility of linking their trading schemes and have now announced 1 July 2015 as the likely start date.
Australia’s Minister for Climate Change also held talks with Europe’s Commissioner for Climate Action Connie Hedegaard regarding the possibility of Australia and the EU integrating their carbon markets, agreeing to share data on their respective plans of action when it comes to climate change and to help drive forward the development of international carbon markets. “We look forward to working with Australia on international action to develop carbon markets and exploring the opportunities of linking Emissions Trading Schemes,” Hedegaard said.
All of this is good news for the carbon credits investor. To find out how to access these markets through a carbon broker, go to the London Carbon Credit Company at http://www.londonccc.co.uk/.
Processing your request, Please wait....
