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Climate change Australia takes a step towards Emissions Trading from 2010

Analysis

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On 4 July, the Draft Report of the Australian government-commissioned, independent Climate Change Review was released. The Draft does not make recommendations, but clearly advocates establishing an emissions trading system by 2010. It advocates the full auctioning of emissions permits and the return of all revenue to households and business. Transport - including aviation - is explicitly to be included in this process.

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