Carbon wars: states vie for green dollar

Carbon wars: states vie for green dollar.Australasian Business Intelligence (July 30, 2008)(216 words) From General OneFile.

Byline: Duncan Hughes and Annabel Hepworth and Tracy Ong

Jul 30, 2008 (The Australian Financial Review - ABIX via COMTEX) -- The Australian Government's planned greenhouse gas emissions trading scheme will also need a financial hub for the carbon permits exchange. Competition has begun for the locating of such an entity between the state governments of New South Wales and Victoria. Experts note that in reality, it is much more likely that a regional emissions trading centre will be established in a location such as Singapore, and that Australia should seek to compete against this. Meanwhile consultation is continuing on the planned roll-out of the carbon credits scheme, with industry lobby groups putting their cases to the Government.

Publication Date: 31 July 2008