Australia addresses importance of verification of carbon emissions
19th July 2010
Read a short excerpt from the e-newsletter below:
Temperatures may be heating up in the Northern Hemisphere, but the hot story in July can be found Down Under, where policy changes are underway that directly impact the future of Oceania’s voluntary market.
Political jockeying over climate bills in the US Senate pales in comparison to national politics in Australia, where late last month Labor party Acting Prime Minister Julia Gillard orchestrated an overnight coup, overthrowing Kevin Rudd to assume her present role as Australia’s first female Prime Minster.
A major impetus for Kevin Rudd’s replacement? His inability to push through the Carbon Pollution Reduction Scheme – a national emissions trading scheme (ETS) intended to combat what he once referred to as “the biggest political, economic, and moral challenge of our times.”
In her first speech as Prime Minister, Gillard promised to take up Rudd’s “tough on climate change” position to “re-prosecute the case for a carbon price at home and abroad.” She disappointed some followers last week, however, when she revealed her intention to re-examine the CPRS no earlier than 2012 – a goalpost already set by Rudd.
Read the full e-newsletter from V-Carbon News