Australia Pushes Back Carbon Trading
May 5, 2009 10:57 AM | Posted by Patrick Greissing | Topic(s): International Policy/Programs
, Carbon Markets
Australia had planned to establish a carbon market in 2010, but has announced that the program will be delayed a year due to the economy. The announcement from Prime Minister Rudd comes as Australia is experiencing its first recession in 17 years. The decision was not welcomed by renewable energy groups or carbon management firms, who see the decision to delay the process as a year of lost economic growth.