| Australian Prime Minister Tony Abbott once infamously described carbon trading as “a market, a so-called market, in the non-delivery of an invisible substance to no one.” On international permits he went further, saying it was ”money that shouldn’t be going offshore into dodgy carbon farms in Equatorial Guinea and Kazakhstan.”
Now, it seems, the Abbott government is to allow Australian firms to buy these “dodgy” and “invisible” credits to help solve a problem many within and close to this government claims does not exist – reducing emissions to combat climate change. The Abbott government’s draft rules on the so-called “safeguard mechanisms” was leaked to The Australian and rolled out to the rest of the world on Wednesday, and contains a bunch of other goodies for big business, and most specifically the largest polluters in the country...............................................Full Article: Source
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