A good summary of global activity on ETS's and where Australia fits in:

http://theconversation.edu.au/international-carbon-markets-what-are-the-implications-for-australia-3897

Note, the EU are expecting to pay 23Euro per tonne, a higher price than in Australia.

So Shadow Minister, you needn't worry about our trade competitors not doing the same. We're just getting the competitive advantage of getting in earlier than some (and later than others).

And a question for Shadow Minister, if the aluminium and metals industries are goin to collapse, as you say, why is it that Alcoa have just signed a 10 year rail transport deal in WA to feed the three aluminium refineries? Why is it that Alcoa has had an official position supporting putting a price on carbon since at least about 2001?

Trash,

What is also not mentioned, is that a carbon price is not paid on 100% of emissions but on only the margins. Most industries have been awarded free permits for 90% or more of their emissions. So while the price is presently E12 and predicted E23, it is not on all the emissions.

The average cost per unit of emission would be closer to E2.30.

My we do get exited mark this in your diary.
There will be no tax on Carbon in a government I lead.
Got it??
That is a blood oath.
From a man who has no intention, at all, of keeping his word.

Belly

You are mistaking Abbott for Juliar.

Dead thread - nothing new, moving on.

SM, that was phase 1.

They're more than halfway through phase 2.

Phase 3, at the beginning of 2013, will see a further substantial cut in free allowances.