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This information paper summarises the nature of emissions permits measures introduced under the Clean Energy Acts (2011), and how the ABS expects to include estimates of various carbon credit schemes in economic and environment statistics, commencing with the September reference quarter 2012. While there has been substantial international agreement about the statistical treatment of components of the schemes, there also has been significant disagreement on valuation and timing. The ABS has decided to apply fundamental market valuation principles in ABS statistics, and not historic cost methods. This paper is part of the consultation about the implications of this decision. The paper includes a description of the international greenhouse gas context and the mechanisms that have arisen, as well as the specifics of the Australian measures and their treatment in ABS statistics.
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