Australian Government

Australia meets important Kyoto milestone

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Source: Australian Government

Minister for Climate Change and Water, Senator Penny Wong has announced Australia's Kyoto-compliant emissions trading registry is online and linked to the United Nations International Transactions Log (ITL). 'By ratifying Kyoto, the Rudd Government signed Australia up to be part of a global solution to climate change,' Senator Wong said. 'With this trading registry up and running, Australia has achieved another important milestone in meeting its obligations under the Kyoto Protocol.'

The registry system, established as part of Australia's commitment under the Kyoto Protocol, will track and record all Australian trade in Kyoto units.

The first stage of the project has been the development of a Kyoto-compliant national registry to issue, hold and manage Australia's Kyoto units.

'Australia needs these units to meet the Kyoto target of limiting our average annual emissions over the commitment period (2008-2012) to 108 per cent of 1990 levels,' Senator Wong said.

The registry will be further developed over 2009 to support Australia's Carbon Pollution Reduction Scheme, set for introduction in 2010.

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