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.