Australia imposes CO2 cap on biggest emitters on eve of election

Published 12:16 on July 1, 2016  /  Last updated at 17:49 on July 1, 2016  /  Asia Pacific, Australia  /  No Comments

Australia’s Safeguard Mechanism entered into force on Friday, capping around half the country’s CO2 emissions in what may become the starting point for a functioning market mechanism depending on the parliamentary situation after Saturday’s federal election.

Australia’s Safeguard Mechanism entered into force on Friday, capping around half the country’s CO2 emissions in what may become the starting point for a functioning market mechanism depending on the parliamentary situation after Saturday’s federal election.

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