Monday, December 15, 2008

Australia to cut emissions ever-so-cautiously

And to throw money at coal.

It's all here in the White Paper. There's already reporting here.

"The government has set an absolute maximum cut to emissions of 15% by 2020 - if the world signs an effective climate pact.

If no pact is signed, Australia will go with an unconditional 5% cut in emissions, compared with 1990 levels."

It'll get watered down still further in the Senate.

Rudd will explain it at the Press Club at 12.30 pm - on ABC1