AUSTRALIA’S carbon market has seen some significant changes this year, with the Federal Labor Government introducing a string of new and updated legislation.
The year started with the release of the “Chubb-review”, which was headed up by former chief scientist Professor Ian Chubb and investigated the framework underpinning the carbon market. The review, which was supported by the Government, largely gave the carbon market a clean bill of health, while recommending some small changes.
The other big change was the Federal Government’s amendments to ‘safeguard mechanism’, which…