Australia is crashing through the front doors of the great Carbon Constrained global economy, only to find that those already occupying the space are bolting for the back door.
“EUROPEAN Union member states are ready to grant car makers a three-year delay until 2015 to reduce the carbon dioxide emissions of their new vehicles in light of the global economic crisis, negotiators said at the weekend.
During a meeting of representatives of the 27 nations, “a consensus was reached” on pushing back the original 2012 deadline to reduce carbon dioxide emissions, a negotiator said.”
At this rate Kevin Rudd is right on track to demonstrate why Australia is not thought of as a world leader. What world leader worth his salt would introduce a policy that will punish his countries economy during the worst global financial crisis in living memory?
Perhaps only one who believes it will look good on his Secretary General of the UN job application.
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Tags: CO2, Emissions Trading Scheme, ETS, Global Warming, Kevin Rudd, UN