Australian Conservatives and Greens Defeat Cap-and-Trade Proposal in Parliament Vote. By Rob Taylor, Reuters, August 13, 2009. "Australia's parliament rejected a plan for the world's most ambitious emissions trade regime as expected on Thursday, bringing the nation closer to a snap election and prolonging financial uncertainty for major emitters. Conservative lawmakers holding the largest block of votes in the Senate joined with Greens and independents to defeat the Carbon Pollution Reduction Scheme set to start in July, 2011 and aimed at reducing emissions in the biggest per-capita emitter in the developed world. But the government renewed its pledge to push through the scheme before a December U.N. meeting in Copenhagen, where world nations will try to hammer out a broad global climate pact and where Canberra is eager to take a leading role... Greens wanted tougher emissions targets, while conservative opponents are divided on the need for a scheme and want it delayed until after Copenhagen, fearing Australia will be disadvantaged if other nations fail to act on climate change."
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