Queensland firms test emissions-trading scheme

A number of Queensland companies have joined forces to form the Queensland Emissions Trading Forum (QETF), a nonprofit organization that will provide member companies with hands-on simulated greenhouse gas emissions-trading experience in a virtual trading environment. QETF has already begun work and trading simulations will begin in August.


MELBOURNE�A number of Queensland companies have joined forces to form the Queensland Emissions Trading Forum (QETF), a nonprofit organization that will provide member companies with hands-on simulated greenhouse gas emissions-trading experience in a virtual trading environment. QETF has already begun work and trading simulations will begin in August.

Companies will be able to run simulations with real or hypothetical data under four scenarios. During these sessions, companies will have to decide what strategies to take and when and how they should be implemented in response to a wide variety of government and market-imposed greenhouse gas emission-reduction policy directions, as well as legislative decisions and trading rules.

The forum has been formed in response to greenhouse emissions targets proposed under the Kyoto Protocol and at a time when Australia is developing policy directions on the possible establishment of a domestic emissions-trading regime (OGJ Online, May 30, 2000).

To date, participating companies include oil shale producer Southern Pacific Petroleum NL, Australian Magnesium Corp., Energex Retail, Queensland Cement Ltd., Stanwell Corp. Ltd., and Tarong Energy. Other companies are expected to join.

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