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Australian opposition urges gov’t to dump carbon pricing plans

|Sourced From English.peopledaily |

Following a decision by Japan to shelve its emissions trading scheme, Australian opposition urged the federal government to admit its carbon pricing plans, the Opposition said on Wednesday.

In the face of strong resistance from the nation’s business lobby, Japan on Tuesday announced to postpone the creation of its emissions trading scheme by a year until April 2014.

The decision came after the U.S. and Canada dumped the same electricity tax, which Australian Prime Minister Julia Gillard wants to enforce in her country.

According to opposition climate spokesman Greg Hunt, Gillard’s plans to impose a price on carbon are looking increasingly isolated on the world stage.

“Japan’s decision is a stunning rebuke to Labor’s plans to impose a massive hike in power prices on Australian families and businesses,” Hunt said in a statement on Wednesday, adding “surely now Julia Gillard must admit that her plans are in tatters.”

Hunt urged Gillard to adopt the opposition’s approach of an emissions reduction fund to purchase the lowest cost abatement.

Last week, the federal government’s multi-party climate change committee agreed on a set of principles to guide it in developing a price on carbon, although a specific model has not been decided on.

Source: Xinhua

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