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Australia’s Emissions Trading Scheme (ETS) fails 41 to 33 – Climategate a contributor December 2, 2009

Posted by honestclimate in Discussions.
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Australia’s Emissions Trading Scheme (ETS) fails 41 to 33 – Climategate a contributor

Watts Up With That, December 1, 2009

Add this to the United State’s Senate failure to even address the cap and trade issue, and it appears that carbon trading is losing the financial and political luster it once had. Now Australia’s ETS scheme is delayed in their senate with little hope of revival.

This says it pretty well at ABC News:

Senate kills off emissions trade laws

The Associated Press says:

Australia’s Parliament defeats global warming bill

Australia’s Parliament defeated legislation to set up a greenhouse gas emissions trading system on Wednesday, throwing a central plank of the government’s plans to combat global warming into disarray.

Read the rest here

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