The Federal Government says a carbon trading network between Europe and Australia could be up and running by the end of this year.
The Parliamentary Secretary for Climate Change, Mark Dreyfus, has just returned from Rome, where he’s had further meetings with EU leaders about the possibility of linking the two carbon trading systems.
He says that would give Australian farmers the opportunity to get the best value for carbon credits they generate under the Carbon Farming Initiative.
“The president of the European Union came to Australia last year for talks with the Prime Minister and our Climate Change Minister, and agreed that we would have officials talking from then on,” he said.
“That’s been happening, and I’d be hoping that we can bring that to some kind of conclusion later this year.”