King & Wood Mallesons

Asia-Pacific 100 position: 3

Legislating to float the carbon price

In what must rank as a near-record time from media statement to draft legislation, the Australian government this week released draft bills to accelerate its policy of floating the carbon price. This follows its announcements earlier this month that the current carbon scheme would shift from the current fixed-price regime to a floating price on 1 July 2014, one year earlier than planned. While mechanical in parts, the draft legislation includes the first written confirmation on a number of important policy elements.

With the next Australian election looking increasingly likely to interrupt the parliamentary timetable, the fate of these amendments (and the current carbon scheme) appears largely dependent on the election outcome. Even if the government is returned at the next election, the amendments are unlikely to be passed until late 2013.

By bringing forward the start of emissions trading, the proposed amendments allow Australian businesses to access the international carbon markets, which should reduce the carbon cost for 2014–15…

If you are registered and logged in to the site, click on the link below to read the rest of the King & Wood Mallesons briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from King & Wood Mallesons

View more briefings from King & Wood Mallesons

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

Level 61, Governor Phillip Tower
1 Farrer Place
Sydney
NSW 2000
Australia
http://www.kwm.com

Jurisdiction: PRC/Australia
No. of offices: 20
No. of qualified lawyers: 1,252

Jobs