Australia presses on with 5% reduction target
29 Jan 2010
The Australian Government has committed to introducing an emissions trading scheme with a floating carbon market in 2012 regardless of what the rest of the world does to cut greenhouse gas emissions.
Climate Change Minister Penny Wong on Wednesday revealed that Australia's target for greenhouse gas emissions cuts by 2020 under the Copenhagen Accord would be an unconditional, minimum of 5 per cent and a possible maximum of 25 per cent, with an emissions trading scheme using a market price for carbon in 2012.
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