Message
  • Sorry - This item may have been updated while you have been viewing the webpage. Please try again
Markets Environmental Carbon Timeline

Timeline for Carbon Trading in Australia



2008
Dec Release of the White Paper
National registry operational with Kyoto Protocol functions and connected to International Transaction Log
2009
1st Qtr Government releases guidance paper on data requirements of the EITE assistance program (‘guidance paper’)
Workshops to follow up on guidance paper
Entities engaged in potential EITE activities submit data requested in guidance paper
March Public release of exposure draft legislation
2nd Qtr April Close of consultation period on exposure draft legislation
Release of Tracking Towards the Kyoto Target 2008
May Bills to enact Scheme (including consequential amendments) introduced into parliament.
June Public release of key draft regulations
Government aims to achieve passage of the Bill through parliament
3rd Qtr Central provisions of the Act establishing Carbon Pollution Reduction Scheme in force 28 days after Royal Assent.
Regulator formally established
4th Qtr Stage I regulations and legislative instruments made and tabled in parliament following passage of Bill
Private entities able to open national registry accounts for Kyoto units
Nov/Dec United Nations Climate Change Conference in Copenhagen, Denmark (COP 15)
2010
1st Qtr Release of Tracking Towards the Kyoto Target 2009
Government announces:
  • extension of national emissions trajectory up to 2014–15
  • Scheme caps for first five years of Scheme (2010–11 to 2014–15)
  • 10 years of Scheme gateways after 2014–15
    approach for expanding cap to accommodate increases in coverage
  • National registry operational with Carbon Pollution Reduction Scheme functions

Stage II regulations and legislative instruments made and tabled in parliament
2nd Qtr First auction of permits
3rd Qtr July 1 Start of first compliance year under the Scheme
Applications under the EITE assistance program made to the regulator
Reforestation credits can be generated
2011
2nd Qtr June 30 End of first compliance year under the Scheme
3rd Qtr July 1 $10 fixed price period commences
4th Qtr Oct 31 Deadline for liable entities to submit emissions reports through the National Greenhouse and Energy Reporting System
Dec 15 Deadline for surrender of eligible compliance permits for first compliance year
2012
3rd Qtr July 1 Full flexible price trading commences
4th Qtr Dec 31 End of first commitment period under the Kyoto Protocol
2013
Government announces final decisions on coverage of agriculture
A decision to allow for the sale and transfer of Australian carbon pollution permits internationally will not be made before 2013
2014
2nd Qtr June Completion of the first public strategic review of the Scheme by an independent expert advisory committee
4th Qtr Dec Response by the Government to the report on the strategic review tabled in parliament (within six months of the report being delivered to the minister)
2015
Possible inclusion of agriculture in the Scheme

 
Free Trial

Contact Us

Dealing Room 03 8684 2300
Head Office
03 9220 0119
Sydney Office
02 9232 2789