FEDERAL cabinet is finalising a cautious emissions trading scheme offering higher compensation to big trade-exposed polluters and a "soft" start in pollution-reduction targets.
With concern growing in the Rudd cabinet about the emissions trading scheme's potential to exacerbate already rising unemployment, particularly in crucial marginal regional seats, the target range for the regime to be released on Monday week is widely expected to be between 5 per cent and 15 per cent by 2020. But the emissions trading white paper will tie Australian emissions reduction targets to the ambition of next year's Copenhagen agreement on cutting global greenhouse gas emissions.
Article at The Australian
What do you think the cut will be? The thinking is between 5-15%. Do you think is enough? Too much? Have your say by leaving a comment below.