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Australia delays emissions scheme | Australia delays emissions scheme |
(about 2 hours later) | |
The Australian government says it will push back a planned carbon emissions trading scheme (ETS) by a year. | The Australian government says it will push back a planned carbon emissions trading scheme (ETS) by a year. |
Prime Minister Kevin Rudd said the delay was necessary because of the poor economic climate. | Prime Minister Kevin Rudd said the delay was necessary because of the poor economic climate. |
But he also suggested that Australia could pursue tougher emissions reductions targets if an international deal was reached. | But he also suggested that Australia could pursue tougher emissions reductions targets if an international deal was reached. |
The ETS, which has been criticised by both industrial and environment groups, was due to launch in July 2010. | The ETS, which has been criticised by both industrial and environment groups, was due to launch in July 2010. |
Business say the scheme will delay economic recovery and lead to job losses. The environmental lobby, meanwhile, says that the targets are not tough enough. | Business say the scheme will delay economic recovery and lead to job losses. The environmental lobby, meanwhile, says that the targets are not tough enough. |
Australia has the highest per capita emissions in the developed world and coal is its biggest export. | Australia has the highest per capita emissions in the developed world and coal is its biggest export. |
'Appropriate response' | 'Appropriate response' |
In a speech in Canberra, Mr Rudd said that the carbon trading scheme - requiring industrial polluters to buy licences to emit carbon - would be pushed back until July 2011. | In a speech in Canberra, Mr Rudd said that the carbon trading scheme - requiring industrial polluters to buy licences to emit carbon - would be pushed back until July 2011. |
"The worst global recession since the great depression means we must adapt our climate change measures but not abandon them," he said. | "The worst global recession since the great depression means we must adapt our climate change measures but not abandon them," he said. |
A one-year fixed price period would be introduced for the first year, he said, with carbon permits costing A$10 ($7, £5) per tonne, followed by a floating price until July 2013. | A one-year fixed price period would be introduced for the first year, he said, with carbon permits costing A$10 ($7, £5) per tonne, followed by a floating price until July 2013. |
"This, we believe represents an appropriate response to current uncertainty," he said. | "This, we believe represents an appropriate response to current uncertainty," he said. |
But - in a move aimed at the environment lobby - Mr Rudd said that the range of the emissions reduction target could be increased up to 25% of 2000 levels if other nations agreed similar targets. | But - in a move aimed at the environment lobby - Mr Rudd said that the range of the emissions reduction target could be increased up to 25% of 2000 levels if other nations agreed similar targets. |
The previous target was to reduce emissions by between 5 and 15% of 2000 levels by 2020. | The previous target was to reduce emissions by between 5 and 15% of 2000 levels by 2020. |
Mr Rudd needs the support of Greens senators to pass the carbon trading legislation. | Mr Rudd needs the support of Greens senators to pass the carbon trading legislation. |
He admitted that he had been under pressure from industry and the resources sector to delay the scheme, reports the BBC's Nick Bryant, in Sydney. | He admitted that he had been under pressure from industry and the resources sector to delay the scheme, reports the BBC's Nick Bryant, in Sydney. |
He also conceded that there had been international pressure on Australia to make deeper cuts in emissions. | He also conceded that there had been international pressure on Australia to make deeper cuts in emissions. |
The policy changes reflect the difficulties of reconciling the needs of the domestic economy against global expectations, our correspondent says. | The policy changes reflect the difficulties of reconciling the needs of the domestic economy against global expectations, our correspondent says. |