[news] Carbon Trading Scheme a Sop to King Coal

[Mostly Water - "Canadian" and International alternative news feed]

On August 16, NSW Premier Morris Iemma, South Australian Premier Mike Rann and Victorian deputy premier John Thwaites launched a discussion paper on the possibility of establishing a national CO2 emissions trading scheme that would aim to cut Australia's CO2 emissions by 60% by mid-century.

While the scheme is an attempt to differentiate these Labor state governments from the federal Coalition government's inaction on climate change, it is based on a fundamentally flawed approach which purportedly relies on “the market” to solve the problem of greenhouse gas emissions but which, in fact, continues in the Liberal-Labor tradition of government support for coal-fired electricity generation.

  


[read more][1]

    [1]: http://mostlywater.org/node/10494

URL: http://mostlywater.org/node/10494