CARBON PRICE TIPPED TO DROP IN AUSTRALIA/EU ETS LINK-UP
September 1st, 2012
BY MJ DESCHAMPS
UTILITIES in Australia and the European Union (EU) could soon be allowed to buy and sell carbon units from each other's emissions trading system (ETS). A proposed mutual recognition arrangement between the Australian government's ETS and the EU-ETS is expected to benefit industries on both sides of the globe and to lower carbon prices long-term.
Australia, one the world's biggest greenhouse gas emitters per capita, favours a link and its government is sanctioned to agree a deal. The European Commission is to seek a mandate to negotiate on the ...
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