Policy & Regulation

Australian gas sector backs carbon trading

Concerns that a change in government could result in higher costs have prompted Australian gas companies to get behind carbon trading Concerns that a change in government could result in higher costs have prompted Australian gas companies to get behind carbon trading.
By Sally Bogle 9 January 2019 0 33818
The Darwin LNG plant in Australia. (ConocoPhillips)

The key issueAustralia looks likely to fall short of its emission reduction obligations by some way, and LNG operators are concerned they could face high costs if a new government decides to tax emitters. A carbon trading scheme would enable them to buy credits from other sectors at a lower cost.

Interfax analysis: Australia’s gas sector appears to be finally getting behind the concept of carbon trading as an efficient and cost-effective policy tool for helping reduce greenhouse gas (GHG) emissions. The move follows rising...