Prime Ministerial Task Group on Emissions Trading

rdf:langString Prime Ministerial Task Group on Emissions Trading

rdf:langString Prime Ministerial Task Group on Emissions Trading was a Task Group set up on 10 December 2006 by Australian Prime Minister John Howard to develop an Australian Carbon Trading Scheme. The terms of reference of the task group was: Australia enjoys major competitive advantages through the possession of large reserves of fossil fuels and uranium. In assessing Australia’s further contribution to reducing greenhouse gas emissions, these advantages must be preserved.Against this background the Task Group will be asked to advise on the nature and design of a workable global emissions trading system in which Australia would be able to participate. The Task Group will advise and report on additional steps that might be taken, in Australia, consistent with the goal of establishing such a system. The Prime Ministerial Task Group submitted its final report on 31 May 2007. The scheme proposed by the Task Group had some similarities to the "hybrid scheme" developed by Warwick McKibbin. Prime Minister John Howard announced on 4 June 2007 the government's plan for a carbon trading scheme to be launched in 2012. Howard took the draft carbon trading scheme to the 2007 federal election.