Trading scheme approval

THE Minerals Council of Australia (MCA) has supported the key recommendation of the Prime Minister’s Task Group on Emissions Trading to establish an Emissions Trading Scheme within Australia.

THE Minerals Council of Australia (MCA) has supported the key recommendation of the Prime Minister’s Task Group on Emissions Trading to establish an Emissions Trading Scheme within Australia.

The Prime Minister’s recommended Emissions Trading Scheme would be the principle market based mechanism for determining carbon price signals.

“This is just the comprehensive framework that business is seeking,” MCA chief executive Mitchell Hooke said.

“Business confidence is best served by certainty in a policy framework that enables the Australian Government to set the parameters of the Scheme as scientific, technological, and environmental circumstances change, and as business is able to respond to the dictates of the market-based Trading Scheme,” he said.

“Not only is there an imperative for Australia to provide critical leadership in the development of global solutions, particularly new abatement technologies, but also in removing a strong element of investment uncertainty hanging over the business community,” Hooke said.

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