NETT releases Auction design report. August 2007 (PDF 1 mb)
This report sets out the results of a detailed consultancy on auction design.

NETT to report on broader coverage
Change to NETT Terms of Reference. July 2007

Prime Minister's Task Group  report released
The Prime Minister's Task Force on emissions trading released its report 1 June 2007

Emissions Reporting to commence 1 July 2008
The Council for the Australian Federation agreed at its 12 April 2007 meeting that national greenhouse emissions reporting would commence by 1 July 2008, either through purpose-built legislation or through the National Pollutant Inventory.

Emissions trading to commence by the end of 2010 (PDF 103 kb)

About the National Emissions Trading Taskforce (NETT)

State and Territory Governments in Australia recognise the importance of addressing climate change, and are considering a range of effective policy responses to ensure a flexible way of achieving greenhouse gas abatement in the transition to a carbon constrained future.

A key measure being investigated is a national emissions trading scheme (NETS).  A carefully designed NETS could provide a mechanism for the Australian economy to transition more smoothly to a carbon constrained future, and potentially link Australia to international carbon markets.

The European Union has recently established its own emissions trading scheme, and other regions and nations are actively considering emissions trading approaches.  Creating a market for greenhouse gas emissions and emissions reductions has the potential to provide flexible and low cost abatement options while accelerating the adoption of existing and new technologies.

Australian State and Territory Governments established the National Emissions Trading Taskforce to develop a multi-jurisdictional emissions trading scheme for consideration by State and Territory Governments.

This website provides an outline of the Taskforce’s work program, key documents for download, and details of the stakeholder consultation process that is essential to the success of the NETS initiative.

If you would like to stay up to date with the Taskforce’s progress, please register your details on our email list. 

We look forward to your contribution to the design of a National Emissions Trading Scheme for Australia.

NETT's relationship with the Prime Minister's Task Group on Emissions Trading

The Prime Minister has recently announced a joint Commonwealth-business Task Group to advise on the nature and design of a workable global emissions trading system in which Australia would be able to participate. The Prime Ministerial Task Group will also advise and report on additional steps that might be taken, in Australia, consistent with the goal of establishing such a system.

The Prime Minister's Task Group is entirely separate to the National Emissions Trading Taskforce (NETT). The NETT is not represented on the Task Group or its Secretariat.

Given the differences in focus between the work of the NETT and of the PM's Task Group, the NETT will continue with its work on the development of a design for a possible national emissions trading scheme, with a view to recommending a preferred scheme design in the second half of 2007.

However, given the substantial prospects for interaction between the two work streams, and to avoid duplication of work effort, the NETT will seek opportunities to engage with the Prime Minister's Task Group, and to share the results of the NETT's stakeholder consultation process. We will provide future updates on our progress on this website.