(Bloomberg) -- Australia's proposal to set a price
cap in its carbon trading system threatens the effectiveness of
the plan to reduce emissions blamed for global warming, said
Deutsche Bank AG's global head of carbon trading research.
Prices for carbon emissions allowances probably need to be
about A$55 ($47.31) a metric ton to ensure switching to cleaner
technologies, rather than a potential A$15 should a price cap be
set, Paris-based Lewis said today in an interview in Sydney.
Fifteen Australian dollars a ton is ``way too low'' to lead to
the development of technologies such as clean-coal power, he said.
Read more at Bloomberg Commodities News
cap in its carbon trading system threatens the effectiveness of
the plan to reduce emissions blamed for global warming, said
Deutsche Bank AG's global head of carbon trading research.
Prices for carbon emissions allowances probably need to be
about A$55 ($47.31) a metric ton to ensure switching to cleaner
technologies, rather than a potential A$15 should a price cap be
set, Paris-based Lewis said today in an interview in Sydney.
Fifteen Australian dollars a ton is ``way too low'' to lead to
the development of technologies such as clean-coal power, he said.
Read more at Bloomberg Commodities News
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