| Sourced From Ecogeneration.com.au |

Australian businesses will be able to participate in the global carbon market following the announcement of new government measures by Minister for Climate Change Penny Wong.

As part of the measures businesses will be able to trade Kyoto units overseas by opening accounts in the newly established Australian National Registry of Emissions Units.

The Government has also created Australias National Authority for the Clean Development Mechanism (CDM) and Joint Implementation (JI), which allows businesses to participate in CDM and JI projects under the Kyoto Protocol.

Senator Wong said that the measures would provide new opportunities for Australian businesses in the emerging global carbon market.

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Tags: australia carbon, Carbon Emission, Carbon Market, Emission Reduction