Greenhouse gas trading simulation needs companies to participate
A new round of on-line greenhouse gas emissions trading simulations, taking place between 1-8 November, requires companies to participate in order to give them an insight into how a future emissions trading regime might work, and what the ramifications of it might be.
The Queensland Emissions Trading Forum (QETF) has already run a number of simulations (see related story), which have seen organisations from the oil and gas, power, cement, manufacturing, mining and forestry sectors take part, and more than 100 million tonnes of carbon dioxide change hands on the trading floor. Participants have come from across Australia, New Zealand, Canada and Europe, and include the Australian Magnesium Corporation, Anglo Coal, and Southern Pacific Petroleum.
During the trading sessions, participants log on to a secure website and aim to meet hypothetical emission reduction targets by trading in carbon permits, using either their own company’s emissions profile or trading as a hypothetical company.