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Home » EU, Australia Agree to Link Greenhouse Gas Emissions Trading Systems

EU, Australia Agree to Link Greenhouse Gas Emissions Trading Systems

August 31, 2012
Environmental Leader

A full two-way link between the two cap and trade systems - the first full international linking of emission trading systems - will begin no later than July 1, 2018.

Together, the linked Australian and European emissions trading systems will be the world's largest carbon market, according to the EU and the Australian government.

As an interim arrangement, a partial link will allow Australian businesses to buy and use European Union Emissions Allowances to meet up to 50 percent of their liabilities under the Australian scheme from July 1, 2015 until the full link takes effect.

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KEYWORDS Business Strategy Alignment carbon footprint in logistics & supply chain Food and Beverage Global Supply Chain Management Green Supply Chains Quality & Metrics Supply Chain Analysis & Consulting Supply Chain Management sustainability sustainable supply chain management
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