AGL 'disappointed' climate ambiguity

The head of Australia's largest retail energy supplier is disappointed about "ambiguity" surrounding the federal government's plans for carbon trading.
The coalition government has set a 2012 commencement date for a national carbon trading scheme, and won't be releasing details of reduction targets until next year, after the next federal election.
"We're slightly disappointed that there's still ambiguity around the level of limits," AGL Energy Ltd managing director Paul Anthony told Sky News.
AGL would also like to know which industries would be cut out from any future scheme.
Mr Anthony urged other companies that emit carbon to follow AGL's lead and start trading carbon on the voluntary Chicago Climate Exchange.
"We have been slightly frustrated with the absence of a price or a limit set on trade, so we've looked elsewhere in the world," Mr Anthony said.
"So we can at least assess our future investments and have a trading mechanism to gain some credit for the investments we've already made."
Mr Anthony said companies that didn't start preparing for a 2012 trading scheme risked over-shooting their limits when the scheme is introduced.
Experts are anticipating carbon on the European Climate Exchange to hit $68.00 per tonne, he added.
© 2007 AAPBrought to you by
When new