Australia Dumps Carbon Trading Scheme

Australia Dumps Carbon Trading Scheme

Posted on 27. Apr, 2010 by Ross in Government Policy, Oceania

In the face of intensified political opposition and a hostile Senate, the Australian government has been forced to backtrack on one of Prime Minister Kevin Rudd’s key election promises: the creation of an Australian emissions trading scheme to help the country stop being one of the world’s most polluting nations.

With the highest emissions per capita in the world due to 80% of energy being produced from coal power stations, there is a lot at stake for the Australian economy in taking climate change seriously. Too much for the opposition Liberal party, who chose a new climate sceptic leader on the basis of his desire to fight against the Emissions Trading Scheme.

The public support for the scheme has waned in the aftermath of the collapse of Copenhagen, with the economy taking over the focus of politicians: delaying proceeding with the scheme until 2013 would save around

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