Australian Parliament rejects carbon trade plan
AUSTRALIA: Australia’s parliament rejected a plan for the world’s
most ambitious emissions trade regime as expected on Thursday, bringing
the nation closer to a snap election and prolonging financial
uncertainty for major emitters.
Conservative lawmakers holding the largest block of votes in the
Senate joined with Green and independent Senators to defeat the
government’s plans for a Carbon Pollution Reduction Scheme set to start
in July, 2011.
But the government renewed its pledge to push through the scheme
before a U.N. meeting at year’s end in Copenhagen where world nations
will try to hammer out broader global climate pact. Canberra is eager to
position itself as a climate leader, not a laggard.
“This bill may be going down today, but this is not the end,” Climate
Change Minister Penny Wong told the Senate in a veiled pointer to a
possible snap poll.
“We will bring this bill back before the end of the year because if
we don’t this nation goes to Copenhagen with no means to deliver our
targets,” Wong said before the vote. For possible scenarios, click If
the Senate blocks or rejects the legislation a second time, after an
interval of three months, it will hand Prime Minister Kevin Rudd a
trigger for an early election. Rudd remains well ahead in opinion
surveys.
With polls showing most Australians favour action to combat climate
warming, Rudd’s Labor has promised emissions cuts of 5-25 percent on
2000 levels by 2020, with the higher end dependent on a global agreement
at the Copenhagen talks to replace the U.N.’s Kyoto Protocol. Canberra,
Thursday, Reuters |