Bloomberg: Australia, the worlds second-biggest coal exporter, has picked more than a dozen industry representatives and academics to help set baselines, credits and possible penalties designed to reduce emissions.
The Emissions Reduction Fund is the center piece of the new governments Direct Action plan to cut pollution to 5 percent below 2000 levels by 2020, Environment Minister Greg Hunt said today in Melbourne as he released a report known as a green paper. The fund will start July 1, 2014, Hunt...