Australia to introduce carbon trading

[Barrett808]

Source: CBC News

Australia is starting work on a carbon trading plan that will cover up to three-quarters of the country's output of greenhouse gases, the government announced Tuesday.

The government is beginning the "detailed design" of a plan that will cover almost all industrial, energy and mining emissions, as well as some emissions from transportation and other energy uses, Environment and Water Resources Minister Malcolm Turnbull said in a release.

...

Prime Minister John Howard, facing a re-election fight, announced the government's intent to adopt a trading plan in one line in a video posted on YouTube.

"Stabilizing atmospheric concentrations of greenhouse gases will be difficult but not impossible," he said. The small-c conservative head of the Liberal Party of Australia emphasized that the government would be careful of the economy in its green plans.

Read more: http://www.cbc.ca/technology/story/2007/07/17/australia-carbon.html

[dysfunctional press]

1. too little too late, mate...put another platypus on the barbi.

nt.