| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/12/916 (28.8.12) |
| Publication Date | 28/08/2012 |
| Content Type | News |
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The Australian Minister for Climate Change and Energy Efficiency, the Hon Greg Combet MP, and the European Commissioner for Climate Action, Ms Connie Hedegaard have announced that Australia and Europe will be linking their emissions trading systems. A full two-way link, by means of the mutual recognition of carbon units between the two cap and trade systems, is to commence no later than 1 July 2018. Under this arrangement, businesses will be allowed to use carbon units from the Australian emissions trading scheme or the European Union Emissions Trading System (EU ETS) for compliance under either system. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/916&format=HTML&aged=0&language=EN&guiLanguage=en |
| Related Links |
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| Subject Categories | Environment |
| Countries / Regions | Australia, Europe |
