Australia waits for government action on Climate Change
Ms Gillard may set a national target for energy efficiency, as China has done.
Climate hurdle looms for Gillard, Tradingroom.com.au, By Cathy Alexander July 02 2010, “…… the Gillard government is working overtime on one of the greatest electoral challenges of its time: climate change.A new climate policy will be released in the coming weeks and it could be very new indeed…………………….The Gillard government is writing a new climate policy. After years of heated debate, it’s largely back to square one on climate change.
Green groups detect a whiff of hope while businesses are nervous – there’s a huge amount at stake and investment in energy has stalled.
The easiest way for Australia to cut the greenhouse gas emissions blamed for global warming is to cut the use of coal-fired electricity.
A tax on carbon pollution via an ETS is one way to go about it, but that’s been delayed.
Or the government could reform the electricity industry to oblige people to cut their power use – an “energy efficiency” scheme.
A government taskforce has just handed in its report into energy efficiency, and it’s understood to have pushed for such a scheme……….Ms Gillard may set a national target for energy efficiency, as China has done.
News: Australian Stock, Share & Commodity Markets News – Tradingroom.com.a
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