Nextgen is perfectly placed to benefit from the signing of Kyoto and the Government’s introduction of a national emissions trading scheme (NETS) which aims to cut Australia’s greenhouse emissions by 60% by 2050.
This week the Minister of Climate Change, Penny Wong announced the introduction of emission trading from 2010. She stated this would be the most significant economic and structural reform undertaken in Australia since the trade liberalisation of the 1980’s.
After a recent trip to Europe to attend the largest carbon conference for the year, CEO Ken Edwards said, “the international community are keen to develop alliances with the company to facilitate international trade in environmental credits. This is forecast to be a $100 billion market within 4 years.”