The Federal Government and the European Union have confirmed their ‘strong commitment’ to working towards linking their respective Emissions Trading Schemes (ETS), during bilateral talks in Brussels.

 

Climate Change and Energy Efficiency Minister Greg Combet said that the move will further develop a strong international carbon market.

 

"Linking our schemes is a priority for the Australian government. The European Union's ETS is the largest emissions trading scheme in the world. Together, the schemes will provide access to a wider range of options for cost-effective emission reduction," Mr Combet said.