Australian heavy polluters first for carbon credits
The wheels are definitely in motion for an Australian emissions trading scheme. Australian companies are given the go ahead to invest in green technologies and bank future carbon credits.
AUSTRALIA’S heaviest polluters will be given approval to immediately invest in green technologies and bank future carbon credits, under plans to establish a national emissions trading scheme from 2011.
Companies may also earn carbon credits if they invest in developing markets overseas, such as China and Indonesia, as part of a longer-term goal to establish Australia as a regional hub for carbon trading.