ETS

Emissions Trading Scheme



'ETS' is the emissions trading scheme. Basically the goal of the scheme is to cut back on greenhouse emissions. To do this the government places a price on the output of said emissions and requires companies to buy licenses depending on their output level. The licenses are limited in quantity and decrease in numbers every year, thus creating an annual decrease in greenhouse emissions.  Of course as the number of licenses goes down the price goes up and less and less companies can afford to produce greenhouse emissions.
Australia’s ETS came about after the Kyoto protocol. The Kyoto Protocol essentially set the target emissions output for Australia. The federal election at the time pushed the ETS ahead.


Considered Industries:
Rail industry
Electrical Industry
Printing industry
Maritime Industry