Sunday, 03 June 2007

Australia to Introduce Carbon Emission Trading System by 2012, Howard Says

(Bloomberg) -- Australia will introduce a carbon
emissions trading system by 2012 and will next year set a
greenhouse gas target to combat climate change, Prime Minister
John Howard said.

A national trading system and its prices will be
established by the market, Howard told the three-day Liberal
Party conference in Sydney today. It will mean higher
electricity costs for businesses and households, he said.


Read more at Bloomberg Energy News

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