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Lawmaker proposes carbon trading to tackle climate change in Australia

2014-10-11 13:29:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: An Australian senator released on Wednesday a proposal to penalise companies failing to meet carbon emission targets and give firms access to the international carbon market, in a move to try and break a deadlock in the country's climate policy. Australia's conservative Liberal party government in July repealed a tax on climate-changing greenhouse gas emissions for its 350 biggest companies, claiming the scheme was too costly while achieving little in terms of emission cuts. But the country,...

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