PRIME MINISTERIAL TASK GROUP ON EMISSIONS TRADING
LAMBERT M. SURHONE, MARIAM T. TENNOE, SUSAN F. HENSSONOW
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On December 10, 2006, the Australian Prime Minister John Howard announced the establishment of the Prime Ministerial Task Group on Emissions Trading.
The task group has been tasked with developing an Australian Carbon Trading Scheme and was given the following terms of reference: "Australia enjoys major competitive advantages through the possession of large reserves of fossil fuels and uranium.
In assessing Australia's further contribution to reducing greenhouse gas emissions, these advantages must be preserved.
Against this background the Task Group will be asked to advise on the nature and design of a workable global emissions trading system in which Australia would be able to participate.
The Task Group will advise and report on additional steps that might be taken, in Australia, consistent with the goal of establishing such a system."
