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Rudd Government has delayed the start date of its proposed emissions trading scheme May 4, 2009

Posted by honestclimate in Discussions.
Tags: , , , ,

Article from: The Australian

THE Rudd Government has delayed the start date of its proposed emissions trading scheme by a year to win Senate support for its Carbon Pollution Reduction Scheme.
The measure is just one of a series a compromise measures announced by the Prime Minister in an attempt to win the support of the Greens for its climate blueprint.

The package includes a very low fixed price on carbon for the first year of the scheme’s operation and extra assistance for each of the two categories of so-called trade exposed industries for the duration of the recession.

It also includes the concession that the government will consider a tougher emissions reduction target of 25 per cent of 2000 levels by 2020, in the unlikely event of a global agreement designed to limit the concentration of greenhouse gases in the atmosphere at 450 parts per million. Otherwise the government’s previously announced target range of 5 to 15 per cent would apply.

The amendments, signed off by the Cabinet subcommittee on climate change this morning, and later announced by Prime Minister Kevin Rudd at a press conference in Canberra, are designed to win support from Malcolm Turnbull’s opposition in the Senate and appease mounting industry concern about the costs of the scheme during the global recession.

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