carbon tariff

As various industries in Australia worry about their fate post emissions trading scheme, the Australian Manufacturing Workers Union (AMWU) has asked the government to introduce a special carbon tariff on all imports from firms operating in countries where GHG emissions aren’t monitored and taken care of. The union wants to ensure that through the proposed carbon tariff, the prices of merchandise coming from such countries would increase so that Australian manufacturers are not negatively affected by the emissions scheme.

GHG management is most often still the domain of environmental professionals, but because GHG emissions may be viewed as potential liabilities, and present financial opportunities for some, in the near future, company executives are increasingly looking for greater visibility into the data.