If your living in Australia, you would have found it hard not to know that the Prime Ministers National Emissions Trading Taskforce Report is out.  For those of you elsewhere in the world, a quick google will bring you up to speed, or you can have a read of this story on news.com.au.

Without going into detail about the politics around this issue in Australia at the moment, essentially we are waiting to see if John However is willing to put the pressures of climate change ahead of the pressures of political change.

The report follows on from an initiative by the Australian States and Territories to set up a emissions trading scheme by 2010, which essentially lay down the gauntlet to the Australian federal government to do something.  Read more here

The key outcomes of this are whether we will see an acceptable cap set for emissions, and that the resulting price of carbon emissions is somewhere above $20/tonne as the bare minimum. For real change we want prices closer to $40/tonne at which renewables will be able to compete viably with existing power generation. For more commentary on this go to the 7.30 report transcript.

So, grab a cup of bonox or bosco ,  download the report and curl up for a night of reading.

Cheers
Nick

This entry was posted on Friday, June 1st, 2007 at 4:08 pm and is filed under Australia, Australian Government, Carbon Price, Carbon Tax, Emissions Trading, Greenhouse, Report, World, alternative energy, cleantech, climate change, environment. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.