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Climate official: don't expect a quick fix on complementary measures

  Wednesday, 20 August 2008 8:34am

It will take several years to sort out and streamline the mix of climate change policy measures operating in Australia, Department of Climate Change deputy secretary Blair Comley has warned.

Comley also made it clear the Rudd Government was not locked into policy positions set out in the emissions trading green paper. And he defended the use of a price cap in the early years of the trading scheme. Read more...

Rudd flags new energy efficiency measures for business; defends CCS focus

  Tuesday, 19 August 2008 12:44pm

Prime Minister Kevin Rudd this morning told an Auckland climate conference new energy efficiency measures are on the way for business and stoutly defended the Government’s focus on carbon capture and storage.

Both Rudd and his New Zealand counterpart Helen Clark stressed strong domestic action as a precondition for influencing international talks, with Clark saying the role of ‘fast follower’ was not good enough. Read more...

Foreign investors empowered to slow climate policy, lawyer warns

  Tuesday, 19 August 2008 7:58am

Many bilateral investment agreements and free trade agreements give foreign investors broad powers to seek compensation for legislative changes – and these could prove a major global stumbling block to efforts to introduce climate change legislation, according to lawyer and academic Kate Miles. Read more...

How the carbon market will evolve

  Monday, 18 August 2008 11:28am

Spot trades, forward trades and average price contracts – there will be a lot more to the carbon market than permit auctions. CE Daily talks to ABN AMRO's Craig McBurnie about the plethora of financial products that will emerge and the role they will play in helping companies manage their carbon liabilities. Read more...

Double green car fund and don't couple trading with vehicle targets, auto review says

  Friday, 15 August 2008 1:42pm

The Federal Government should double the size of its Green Car Innovation Fund to $1 billion if it proves successful, recommends the Bracks review of the automotive industry. The review, released today, backs including transport in the emissions trading scheme, but warns that imposing vehicle emissions targets as well would be 'overly burdensome'. Read more...

CSR takes $430,000 hit as court rules company put production ahead of minimising risk

  Friday, 15 August 2008 1:38pm

CSR will pay a penalty and costs totalling more than $430,000 following a chemical spill, after the NSW Land and Environment court criticised it for emphasising the need to continue production at the expense of minimising pollution risks. The judge found the possibility of the company re-offending 'cannot be excluded'. Read more...

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