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Carbon trading scheme explained

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The scheme is expected to cost some industries and benefit others, with profits possible for those that can trap (sequester) carbon or substantially reduce current carbon emission levels... Each company in the scheme will have an emissions target set for them, which can be met by reducing emissions or buying carbon credits... Experts predict that because of this, agriculture will be managed upstream and downstream: products will be assessed under the scheme at a point in the sale chain (for example, at the abattoirs for stock) and inputs will be assessed prior to use (for example, diesel and agri-chemicals)...