31 May 2007
The Prime Minister's Task Group on Emissions Trading is expected to finalise its report this week on what approach will best address greenhouse gas emissions in Australia.
The Australian Plantation Products and Paper Industry Council (A3P) made a submission to the task force in March, arguing that any emissions trading scheme must reflect the true impacts of activities on emissions.
A3P said the scheme must include four points specific to the forest industry: forestry offsets should be included in any emissions trading scheme; carbon accounting rules should reflect that carbon is stored in timber during use, and for many decades after disposal; there should be acknowledgement and benefit for the current high levels of renewable energy use in the wood and paper industry; and there should be mechanisms to maintain the competitiveness of the pulp and paper sector with respect to producers in other countries where no carbon cost is imposed.
Since that time, there has been a number of announcements by key business and industry groups and continual media speculation on the establishment of a National Emissions Trading Scheme.
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