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Australia: All the dirt on carbon

Posted on 19 August 2013

Both main parties agree we need to cut greenhouse gas emissions. But which approach is better: Labor’s carbon price or the Liberals’ direct action? First, Tony Abbott predicted the carbon tax could “wipe out” Whyalla. Then he envisaged it squeezing the life out of the economy, like a python. The political rhetoric has been colourful, to say the least, but the Coalition and Labor actually share a quiet consensus on climate change.
Both parties have committed to unconditionally cutting Australia’s greenhouse gas emissions by 5 per cent below 2000 levels by 2020. And both say they will increase the target to 15 or 25 per cent depending on international climate action………………………………………..Full Article: Source


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VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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