The Australian government will begin work on a greenhouse gas emissions trading scheme with analysis of a long-term goal for emissions reduction, Prime Minister John Howard announced today. The government's A$637 million plan sets no cap on emissions nor does it set a date for when the trading of emissions credits will begin.
..."The crucial feature of a cap-and-trade emissions trading scheme is the cap – the target," said ACF Executive Director Don Henry..."
From the Environmental News Service
PM says ad showing him asleep 'pathetic'