Exposure draft of the legislation to implement the Carbon Pollution Reduction Scheme

16 April 2009

© Commonwealth of Australia 2009
ISBN 978-1-74229-084-3

View the report as a single document - (PDF 1044KB)

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View the report as separate downloadable parts:

Membership of Committee	(PDF 9KB)
Chapter 1 - Introduction and conduct of the inquiry	(PDF 23KB)
The challenge of climate change The Carbon Pollution Reduction Scheme (CPRS) Outline and coverage of the scheme The conduct of the inquiry Structure of the report
Chapter 2 - The case for change	(PDF 95KB)
The greenhouse effect Global warming Scientific consensus on climate change Impacts on Australia Committee comment
Chapter 3 - Timing	(PDF 49KB)
Urgency of dealing with climate change Providing greater certainty for business Possible 'early mover' advantages Need for further analysis Australia 'going it alone' Industry readiness Overall opinions Committee comment
Chapter 4 - Economic modelling	(PDF 64KB)
Treasury modelling Criticisms and commentary on the Treasury modelling CSIRO modelling The Garnaut Review modelling Allen Consulting Group modelling Frontier Economics modelling Reserve Bank analysis
Chapter 5 - Targets in the CPRS	(PDF 194KB)
Emissions covered by targets The emissions targets and gateways in the CPRS Committee comment
Chapter 6 - Transitional assistance	(PDF 106KB)
Carbon leakage Transitional adjustment assistance The impact on, and assistance for, households and small business Committee comment
Chapter 7 - Employment and retraining	(PDF 19KB)
Chapter 8 - Voluntary abatement efforts under the CPRS	(PDF 39KB)
A fundamental flaw? A benefit of the scheme's design A distraction? Treatment of voluntary action under the CPRS Possible ways of recognising voluntary emission reductions Committee comment
Chapter 9 - Complementary measures	(PDF 38KB)
What are 'complementary' measures? The Government's measures to complement the CPRS Expanded role for complementary measures Greater support for renewable energy
Chapter 10 - Markets for carbon permits	(PDF 32KB)
Permits auctions and trading Upper limit on permit price Derivatives markets International linkages Use of international units Sale of abatement
Chapter 11 - Alternative approaches to reducing emissions	(PDF 49KB)
The CPRS: a cap-and-trade approach Alternative approaches (a) Carbon tax (b) McKibbin hybrid model (c) Baseline and credit (d) Emissions trading – cap and trade based on consumption (e) Command and control' regulatory approaches
Chapter 12 - Governance Issues	(PDF 46KB)
The Australian Climate Change Regulatory Authority Qualification of members Other Governance issues
Chapter 13 - Legal aspects	(PDF 81KB)
Contractual impediments to carbon cost pass-through Regulation-making under the CPRS
Coalition Senators’ Dissenting Report	(PDF 181KB)
Minority Report by Senator Nick Xenophon	(PDF 54KB)
Australian Greens Minority Report	(PDF 9KB)
Appendix 1 - Submissions Received	(PDF 17KB)
Appendix 2 - Public Hearings and Witnesses	(PDF 18KB)

For further information, contact:

Committee Secretary
Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone:	+61 2 6277 3540
Fax:	+61 2 6277 5719
Email:	economics.sen@aph.gov.au