Sunday, November 12, 2006


The Australian Government finally waved the white flag on Kyoto. Australia will introduce a "Carbon Tax" and begin trading carbon credits in the next round of Kyoto.

Treasurer Peter Costello said what PM Howard couldn't bring himself to say: "As the world moves towards a carbon trading system, Australia obviously can't stand out against the rest of the world." What? Australia was happy to stand out against the world alongside the other climate sceptic George W. Bush. Less than a week after the collapse of President Bush's ascendency, Mr Costello was frank: "I think the ground is changing," he told ABC television today.

"From Australia's point of view if the world starts moving towards a carbon trading system, we can't be left out of that." What? The world has a carbon trading system. Only we're not in it.

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