The 2015 United Nations Climate Change Conference (COP 21) held in Paris in December 2015 adopted a resoution to reduce carbon output “as soon as possible” and for all 195 countries to do their best to keep global warming “to well below 2 degrees C”.

The Australian Federal Government has conducted the second auction of the Emissions Reduction Fund, the centrepiece of its Direct Action Plan for the control of Carbon emissions in Australia, and has repealed the Clean Energy Future legislative package with the last Carbon Tax payments made in February 2015.