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The Carbon Pricing Mechanism in Australia

The Carbon Pricing Mechanism in Australia. Presented by Shona Rosengren Australian Department of Infrastructure and Transport. Australia Clean Energy Legislation. Carbon P ricing Mechanism introduced on 1 July 2012. Economic incentive to reduce pollution

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The Carbon Pricing Mechanism in Australia

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  1. The Carbon Pricing Mechanism in Australia Presented by Shona Rosengren Australian Department of Infrastructure and Transport

  2. Australia Clean Energy Legislation • Carbon Pricing Mechanism introduced on 1 July 2012. • Economic incentive to reduce pollution • Covers large domestic businesses and industrial facilities (> 25 000 tonnes of CO2-e per year) • Does not apply to international aviation or shipping • Captures approximately 60% of Australia's carbon emissions • The price is fixed each year for the first three years, and transition to market pricing from 2015–16. • The mechanism does not directly cover transport emissions - applied through fuel tax credits or excises. ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013

  3. Current Carbon Pricing for Australia’s Domestic Aviation Excise rates for domestic aviation fuels (cents per litre) existing fuel excise (funds aviation safety) carbon price component ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013

  4. Domestic Liquid Fuel Opt-In SchemeJuly 2013 • Australian domestic aviation may apply to participate in carbon pricing mechanism from 01 July 2013 • Covers aviation fuel and fuel for airport service vehicles • Entitled to a tax credit equal to the carbon component in excise • Report carbon emissions annually and submit carbon units for every tonne of emitted • This will not apply to international airlines ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013

  5. How will the carbon pricing mechanism work? ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013

  6. Fuel excise v/s Carbon Price Mechanism ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013

  7. Thank you ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013

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