Skip to content
Subscriber Only
Business
Economics

Australia May Introduce ‘Hybrid’ Carbon Policy, Citigroup Says

Australia is likely to impose a price on carbon emissions in the next three years, replacing a previous plan with a blend of initiatives, including a trading system or a tax as well as regulation, Citigroup Inc. said.

“It might be some sort of hybrid and perhaps more incremental than was being proposed previously,” while focusing initially on electricity generation, Elaine Prior, an analyst at Citigroup in Sydney, said in a phone interview today. Whether it’s a tax or trading, “the same issues would arise,” with debate about industries that should be included, compensation and allocation of free permits, she said.