Carbon Pollution Reduction Scheme
The Carbon Pollution Reduction Scheme (CPRS) was a cap-and-trade emissions trading scheme (ETS) developed by the Government to reduce Australia’s greenhouse gas emissions. Legislation to implement the scheme from 2011 was rejected in the Australian Parliament twice, in August and December 2009. The legislation was reintroduced into Parliament with amendments on 2 February 2010. On 27 April 2010, the former Prime Minister, the Hon Kevin Rudd MP, announced that implementation of the CPRS would be deferred.
The Government announced, in September 2010, the establishment of the Multi-Party Climate Change Committee to consult, negotiate, and report to the Cabinet, through the Minister for Climate Change and Energy Efficiency, on agreed options for the implementation of a carbon price in Australia; and to provide advice on, and participate in, building community consensus for action on climate change.
An overview of the formerly-proposed CPRS is available to illustrate a number of key design features that may need to be considered in developing a carbon pricing model. This material is illustrative only, and does not represent a statement of the Government’s preferred position.
Details of the formerly proposed CPRS remain available as archived background materials.