05 Sep '11, 11am

EU chief confirms talks to link carbon trading with Australia

The world's newest carbon trading scheme could be linked to its largest carbon market if negotiations between Australia and the EU prove successful. Australia's top 500 carbon emitters will be forced to pay $23 per tonne from July next year until a full carbon trading system is introduced in 2015 under controversial plans announced by prime minister Julia Gillard in July. FURTHER READING Report: Australian carbon price to fall post-2015 Gillard: Australian carbon tax promises clean energy future After a meeting with Gillard today, European Commission president Jose Manuel Barroso echoed British prime minister David Cameron in praising the scheme, and said that both sides have a "strong mutual interest" in working to expand and deepen global carbon markets. "Australia's decision to put a price on carbon emissions is, in our view, an important step, both environmentally and ...

Full article: http://www.businessgreen.com/bg/news/2106582/eu-chief-con...

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