PM John Howard of Australia OK on Carbon Trading

Filed in archive Current News on February 26, 2007

Prime Minster John Howard of Australia made the right move on making his voice heard on Carbon trading. Despite the acknowledged need for a trading market for GHG emissions reduction, Australia, through Mr. Howard declared that such a trading market should be sympathetic to industries. According to this article, Mr. Howard said

"It's important that we develop an approach to carbon pricing that is acceptable to and sympathetic to the interests of Australian industry. There is a very significant difference between a crude carbon tax system and developing in a measured, cooperative way a carbon pricing system. If the world moves to a trading system and it brings in the big emitters, then Australia should be part of it."

Now with that statement, Australia gives its two bobs worth on carbon trading. Let us find out what happens, soon.