Australian Prime Minister Julia Gillard has tasked Greg Combet , the former union leader and coal mining engineer sworn in as climate change minister today, with leading an effort to impose a price on carbon emissions.
TRUenergy Pty. and AGL Energy Ltd. called for an Australian emissions trading system to spur investment to replace coal-fired power plants and said they look forward to working with new Climate Change Minister Greg Combet .
Australia, the world’s largest exporter of coal, is committed to establishing a price on carbon to ensure the country retains its international competitiveness, Climate Change Minister Greg Combet said.
Climate Change Minister Greg Combet will fight to protect jobs in the coal industry as he pursues a price on carbon, the Australian newspaper reported, citing an interview with Combet, a former coal engineer. Combet’s three policy reform objectives are the pursuit of renewable power, energy efficiency and a carbon price, the newspaper said.
The unprecedented collapse in European carbon prices is shattering Australia’s budget assumptions just as corporate resistance to the market weakens in the developed world’s biggest per capita polluter.