CANBERRA (Reuters) – Australia’s plan to slash greenhouse gas emissions through carbon trade will not be the “company killer” feared by business and no major polluters will be forced to move offshore, the government said on Wednesday.

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Tags: Australia, Carbon Trade, Rudd

(AAP) – Western Australia has urged the Commonwealth to delay the introduction of the Carbon Pollution Reduction Scheme, saying trade exposed industries need to be better compensated.
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Tags: Carbon Trading Scheme, Rudd, Western Australia

New Zealand will host a conference of climate specialists this week where talks will be held if Aussies and Kiwis can have their emissions schemes linked with each other to have a wider range of abatement options. Critics like KPMG climate change analyst Antony Cohen believe this can shoot carbon permits prices to $40 per tonne in Australia and can also increase electricity rates by 30%.

Aussies currently plan a scheme which will restrict import of carbon permits and will totally disallow their export, whereas New Zealand does not have any such restrictions in their scheme.

The 4th Australian-New Zealand Climate Change and Business Conference (PDF) will be held in Auckland from August 18-20 and Rudd will meet Kiwi PM Helen Clark to consider the carbon trading schemes.

Tags: Antony Cohen, Auckland, Australia, Carbon Market, Carbon Permits, Carbon Trading, Emissions Trading Scheme, Gary Taylor, Helen Clark, KPMG, New Zealand, Rudd