We have all heard and seen reports of the pending Carbon Pollution Reduction Scheme (CPRS) which at this stage is scheduled to be introduced in this country in around 2011. This scheme is to be a trading scheme that will in effect create a market forcarbon credits in a similar way to other markets that we are all very familiar with such as stock markets or grain markets etc. Obligations under the CPRS are to be imposed upon around 1000 companies who are among our biggest CO_2 emitters. This only represents a very small percentage of the total number of businesses in Australia.
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