Federal Minister for Climate Change Greg Combet has announced he belives the formation of an Asian carbon trading scheme is inevitable , and that Australia’s system would eventually be linked with those in China and other major Asia-Pacific nations.

 

Speaking in Beijing, Mr Combet is currently meeting with senior Chinese officials about the legislative formation of a future Chinese carbon trading system, before he flies to South Korea, where a carbon trading legislation is currently before Parliament.

 

Although China has a number of regional based trading schemes, it is the first time the country has made a move to a nationwide trading scheme, which it is currently piloting in major urban centres. 

 

Australia and New Zealand have got emissions trading schemes, California has got one, provinces in Canada are introducing emissions trading, Korea is introducing emissions trading. There are these pilot schemes being generated within China," Mr Combet told the ABC.