Was that the sound of a slamming door?
31 Aug 2012
The announcement this week by Australia’s Climate Change Minister, Greg Combet, of an arrangement between Australia and the European Commission whereby the Australian Carbon Pricing Mechanism is to be linked to the EU ETS sounds like an announcement for carbon traders to celebrate Christmas early.
The arrangement, made in double-quick time by both sides, heralds the on-coming rush that the European Allowance can be eligible in the Australian CPM from 2015 as a one-way flow of eligible credits.
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