Cap-and-Trade Legislation in Australia Faces Mounting Opposition. By James Grubel, Reuters, March 12, 2009. "Australia's government faced new objections to its pioneering carbon trading scheme from both ends of the political opposition on Tuesday, just as it unveiled the legislation it hopes to pass by the middle of this year... [It] could be the most sweeping cap-and-trade system in the world, including a commitment to cut emissions by 5 percent of 2000 levels by 2020. [But], lawmakers from the Greens and the conservative opposition banded together to establish a two-month inquiry, saying they will not support the scheme without major changes... Australia's center-left Labor government needs the support of... the five Greens and two independents, to pass the carbon trade laws in the Senate."
2009-03-13
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