- By Moore Stephens
- Published 1/05/2009
- Carbon Emissions Update
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Rating:
Unrated

The Carbon Pollution Reduction Scheme (CRPS) will put a price on carbon in a systematic way throughout the economy. It employs a ‘cap and trade’ emissions trading mechanism to limit carbon pollution. Before the CPRS can start, a rigorous reporting and verification system will be put in place. To this effect, the National Greenhouse and Energy Reporting Act 2007 (NGER Act) has established a national regulatory framework for entities to report their greenhouse gas emissions, reductions, removals, offsets and consumption.