Tuesday, 10 September 2013

NEW AUSSIE PM TO SCRAP CARBON TRADING SCHEME

This article confirms that Tony Abbott, the new Australian PM intends to deliver on his election pledge to scrap the carbon trading scheme, recently introduced by the previous Labour government (having promised not to do so). This is yet another sign that the world is ready to ditch costly schemes to reduce CO2 emissions. It is an implicit admission that fears of global warming are receding, fears which have not materialised in real data.

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