political uncertainty continues to dog the creation of the new market in

Australia. An explosion of new derivatives is expected on the market as

a means of hedging risk but, more immediately, Australia has its work

cut out to get this new market running and dealing with existing

emissions trading schemes. Regulation is just one critical part of the

Australian story. With less than eight months to go until trading

begins, experts point to the lack of detail on the new Clean Energy

Regulator and consider whether a new regulator is even required.