First in­dus­try car­bon con­fer­ence expo in Oc­to­ber

The Weekend Australian - Review - - Investments -

THE car­bon mar­ket is the talk of the town, even be­fore the na­tion gears up for car­bon trad­ing. Ex­perts in the field are gath­er­ing for the first in­dus­try­hosted con­fer­ence and expo, to be held on the Gold Coast on 30 and 31 Oc­to­ber.

The Gov­ern­ment is clearly com­mit­ted to a na­tional emis­sions mar­ket to re­duce Aus­tralia’s car­bon foot­print,’’ says Tony Beck, chair­man of the Asia- Pa­cific Emis­sions Trad­ing Fo­rum, one of the expo’s main hosts.

Car­bon Mar­ket Expo Aus­trala­sia 2008 re­flects the in­ter­est in this new and grow­ing mar­ket. The de­vel­op­ment of a global mar­ket for emis­sion cred­its is grow­ing rapidly in terms of trad­ing vol­ume and value.

Aus­tralian com­pa­nies and gov­ern­ments need to tap into th­ese de­vel­op­ments if they are to share in the en­vi­ron­men­tal and com­mer­cial ben­e­fits,’’ he says.

Other hosts of the expo are En­vi­ron­ment Busi­ness Aus­tralia, the Queens­land Gov­ern­ment and Gold Coast City Coun­cil. Sched­uled to show­case global ex­per­tise in car­bon mar­ket, the expo could not have been timed bet­ter. In the next few months: The Gov­ern­ment will re­lease a Green Pa­per on the de­sign of an emis­sions trad­ing scheme;

The fi­nal re­port of the Gar­naut Re­view will be made avail­able;

The draft leg­is­la­tion on emis­sions trad­ing will be re­leased.

Cli­mate change will be among the key dis­cus­sion points as the Gov­ern­ment shows its hand on how it plans to set the frame­works for car­bon trad­ing and es­tab­lish the con­trol mech­a­nisms which will help Aus­tralia reach its emis­sions tar­get.

The expo will help busi­nesses get in step with so­lu­tions to the chal­lenge of cli­mate change,’’ says Fiona Wain, chief ex­ec­u­tive of En­vi­ron­men­tal Busi­ness Aus­tralia.

But more im­por­tantly, it will open doors to new com­mer­cial op­por­tu­ni­ties. The car­bon mar­ket is not just about find­ing a price for car­bon, its most sig­nif­i­cant role is to help drive the next great tech­no­log­i­cal era,’’ she says.

Busi­nesses will en­gage in the process of car­bon foot­print re­duc­tion, since it will be an im­por­tant step in build­ing their com­pet­i­tive ad­van­tage.

They will have to look at ways of re­duc­ing, man­ag­ing, mit­i­gat­ing and off­set­ting car­bon emis­sions, she says. A meet­ing of minds, such as the expo, will pin­point where the com­mer­cial op­por­tu­nity lies in adopt­ing en­vi­ron­men­tally re­spon­si­ble prac­tices’’.

Cli­mate change: Ross Gar­naut’s fi­nal re­port will soon be re­leased

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