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Financial crisis takes toll on carbon scheme

Posted on 27 October 2008

From Iol.co.za: Australia’s Prime Minister Kevin Rudd won office promising to be a climate change warrior but his chief weapon - a carbon trade scheme to slash emissions - is falling victim to shifting politics and world financial tumult.

A former diplomat, Rudd made ratification of the Kyoto climate pact - opposed by the former conservative government for more than a decade - his first act after winning November elections tinged green by the seeming onrush of climate shift…… Full Article: Source


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