The business case for carbon management – carbon trading Japan – currently designing ETS that is likely to be implemented in 2011 NZ – ETS started 1 July 2010 China - likely to have an ETS EU – existing ETS may legislate a 30% reduction target UK Coalition - setting a floor price for carbon US – multiple regional ETS' From 1 July 2012 – Australia has a price on carbon set at $23 per tonne of CO2-e – following a number of other countries NB: Emissions trading works: EU verified emissions showed a decrease of 11% in 2009
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