January 14, 2007

Australia’s Howard u-turns on emissions trading
The Australian government is to form a taskforce to investigate greenhouse gas emissions trading at the national and international level, Prime Minister John Howard has announced. Although the terms of reference have yet to be released, he indicated the review will include an assessment of possible changes or alternatives to existing international carbon markets.
“The government will establish a joint government/business task group to examine in some detail the form that an emissions trading system, both here in Australia and globally, might take in the years ahead,” he said in a 13 November speech to the Business Council of Australia.