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Monday, May 4, 2009

Rudd Delays Emissions Trading

It appears that various pressures have finally forced Australia's Federal Government to relax its time table for the introduction of its Emissions Trading Scheme (ETS). While, originally scheduled to come on-line in July of 2010, this date has now been pushed back by one year to 2011. Presumably, the government hopes this acquiescence will help the forthcoming legislation survive on the floor of Parliament. This may be a necessary compromise, but it also represents another year of delay in the effort to reduce the nation's GHG emissions.

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