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Emissions trading scheme planning

The timetable for an emissions trading scheme has been penciled in and already there have been preliminary talks on technical issues with industry and non-Government groups.

However, it won’t be until 2010 that such a scheme will come into effect.

Following are the scheduled steps in the lead-up to its introduction.

• July 2008: public release of a Green Paper on emissions trading design, drawing on preliminary consultations

• December 2008: public release of exposure draft legislation

• March – Mid 2009: Bill considered by Parliament

• 2009: Consultation on emissions trading regulations

• Third quarter 2009: Act enters into force, regulator established

• 2010: Emissions trading scheme will start.