Opposition leader Malcolm Turnbull today criticised Prime Minister Kevin Rudd for downplaying LNG industry concerns and said former PM John Howard's task group got it right on how to treat large emitters. Meanwhile, Rudd has discussed emissions trading with New Zealand's new PM, John Key.
Climate policymakers spend a great deal of time on energy systems, with 'too little focus' on terrestrial carbon, Reserve Bank board member – and Terrestrial Carbon Group member – Warwick McKibbin told a Lowy Institute forum yesterday, while group convenor Ralph Ashton said 'about 25% of the solution' to climate change can come from land use measures. (plus audio)
The Australian Industry Greenhouse Network has today launched a salvo at electricity sector modelling commissioned by the Climate Institute, releasing a new economy-wide analysis that concludes a 'soft start' will be far less economically damaging than 'early action'.
The amount of energy used to produce packaging from recycled materials is so far below the amount used to produce from virgin materials that giving free permits to industries such as aluminium and steel production won't significantly distort the market, says a new Allen Consulting Group study.
New Zealand's incoming prime minister John Key has agreed to immediately put the nation's trading scheme on hold, pending a review of emissions trading 'and any amendments or alternatives'. The move is part of a deal struck by Key yesterday in exchange for the support of a minority party opposed to trading and sceptical of climate change.