Carbon Trading and Emission Trading Scheme
On June 2007, former Australian Prime Minister, John Howard, announced that Australia would adopt a Carbon Trading Scheme by 2012. The scheme was expected to be the same as the counterpart in United States and European Union using carbon credits, where businesses must purchase a license in order to generate pollution.
The scheme received broad criticism from both the ALP and Greens. The ALP believed that the scheme was too weak as well as a bad political move by the government. The lack of clear target by the government for this scheme before the 2007 federal election produced a high degree of skepticism on the willingness of the government on mitigation of global warming in Australia.
In March 2008, the newly elected Labor government of Prime Minister Kevin Rudd announced that the Carbon Pollution Reduction Scheme (a cap-and-trade emissions trading system) would be introduced in 2010, however this scheme was initially delayed by a year to mid-2011, and subsequently delayed further until 2013.
In April 2010, Kevin Rudd announced the delay the CPRS until after the commitment period of the Kyoto Protocol, which ends in 2012. Reasons given were the lack of bipartisan support for the CPRS and slow international progress on climate action for the delay.
The Federal Opposition strongly criticised the delay as did community and grassroots action groups such as GetUp.
Read more about this topic: Mitigation Of Global Warming In Australia
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