Tuesday, August 12, 2008

Alarm on carbon trading scheme

ONE of the world's best-known economists, Jeffrey Sachs, has warned Australia against using an emissions trading scheme to tackle climate change, saying it would never win global support. On the eve of the Rudd Government releasing its blueprint for emissions trading, Professor Sachs said the concept was "highly disliked" by China and other developing countries, and they would never agree to it.

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