The Asia-Pacific Emissions Trading Forum (AETF) was an information service and business network dealing with domestic and international developments in

emissions trading Emissions trading is a market-oriented approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). One prominen ...

policy Policy is a deliberate system of guidelines to guide decisions and achieve rational outcomes. A policy is a statement of intent and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an or ...

in Australia and the Asia-Pacific region. The AETF was originally called the Australasian Emissions Trading Forum, and was founded in 1998 under the auspices of the

Sydney Futures Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, ...

following a proposal from Beck Consulting Services. From 2001 until 2011 the AETF published th
''AETF Review''
{dead link, date=October 2016 , bot=InternetArchiveBot , fix-attempted=yes (Bib ID 3998494), held regular member meetings and convened numerous events and conferences. The AETF Review was published six times per year and included original articles on emissions trading developments and related topics. In 2011 the AETF formed the foundation of the ne
Carbon Market Institute
a not-for-profit institute, established in Melbourne, Australia to continue and develop the AETF programs. The AETF was founded to assist all potential stakeholders understand and respond to emissions trading developments both domestically and internationally. Emissions trading is a key element of the

Kyoto Protocol The was an international treaty which extended the 1992 United Nations Framework Convention on Climate Change (UNFCCC) that commits state parties to reduce greenhouse gas emissions, based on the scientific consensus that global warming is oc ...

and subsequent proposals to manage global

greenhouse gas emissions Greenhouse gas (GHG) emissions from human activities intensify the greenhouse effect. This contributes to climate change. Carbon dioxide (), from burning fossil fuels such as coal, petroleum, oil, and natural gas, is the main cause of climate chan ...

under the United Nations Framework Convention on Climate Change. National or regional schemes are operating in the European Union, New Zealand and the United States and are under active consideration in China, Japan and elsewhere. In Australia, legislation under Clean Energy Future Scheme has been passed to introduce a national emissions trading scheme from 2015.

Australia’s Clean Energy Future Scheme

The policy and legislative background The current

Australian government The Australian Government, also known as the Commonwealth Government or simply as the federal government, is the national executive government of Australia, a federal parliamentary constitutional monarchy. The executive consists of the pr ...

's Clean Energy Future legislative package represents the culmination of an unprecedented policy development effort in Australia, supported by detailed economic modelling undertaken by the

Department of the Treasury (Australia) The Department of the Treasury, also known as The Treasury, is the national treasury and financial department of the federal government of the Commonwealth of Australia. The treasury is responsible for executing economic and fiscal policy, ma ...

. This package includes a price on carbon from July 2012 transitioning into a national cap and trade scheme from July 2015. The December 2008 Carbon Pollution Reduction Scheme (CPRS) White Paper was one milestone towards the Government's ultimate policy objective of implementing a cost-effective and forward-looking climate policy, which fully accounts for Australia's particular environmental, economic and geopolitical situation. Australia's emissions reduction target The Australian Government in February 2010 submitted its plans for incorporation into the

Copenhagen Accord The Copenhagen Accord is a document which delegates at the 15th session of the Conference of Parties ( COP 15) to the United Nations Framework Convention on Climate Change agreed to "take note of" at the final plenary on 18 December 2009. The Acco ...

for cutting emissions by the year 2020. Australia will have a 5 per cent reduction target with no conditions applying and will only lift its target to 15 per cent or 25 per cent if countries like China, India and the United States agree to verifiable reductions. This is in line with previous Government announcements on Australian emissions reduction levels.

References

Clean Energy and Security Act 2009''
Committee on Energy and Commerce, United States Government, 2009

Department of Climate Change, Commonwealth of Australia, 2009

External links

Asia-Pacific Emissions Trading Forum

Copenhagen Conference 2009

COP 16

International Emissions Trading Association

Pew Center on Global Climate Change

United Nations Framework Convention on Climate Change
Climate change policy Emissions trading

Australia’s Clean Energy Future Scheme

See also

References

External links