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Monday, March 16, 2009

Whither Australia's ETS

The Global Financial Crisis appears to have taken the wind out of the sails of Kevin Rudd's emissions trading scheme. Opposition to the proposed ETS legislation has grown in recent weeks to the point where it is allegedly clear that it will not pass the Senate. This could be a foreshadowing of future international negotiations in Copenhagen later this year, where significant progress on international emissions reductions may be equally elusive. If so, then the growing interest in adaptation may continue to accelerate if for no other reason than it's the only game in town.

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