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Financial crisis won’t delay Australian carbon trade: PM

Posted on 15 October 2008

From AFP: Australia’s plans to introduce a carbon emissions trading scheme by 2010 will not be delayed by the global financial crisis, Prime Minister Kevin Rudd said.

Rudd is under increasing pressure to defer the scheme, which will set an overall limit on the amount of carbon emissions the economy can produce, given its cost to businesses already grappling with the credit crunch. But the premier, who announced a 10.4 billion dollar (7.25 billion US) economic stimulus package to counter the slowdown caused by the world financial crisis, said the environment remained a priority…. Full Article: Source


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