Recent stumbles in Europe and Australia to implement ambitious climate change programs are providing a “cautionary tale” for the Obama administration and U.S. lawmakers as they consider how to fulfill President Obama’s drive to reduce U.S. greenhouse gases. A popular backlash against a carbon tax in Australia and major implementation problems with the European Union’s “cap-and-trade” carbon emissions trading program are raising fresh doubts about the two main policy vehicles that climate change advocates have backed to curb greenhouse gas pollution in the industrial world, analysts say. Australia’s new prime minister, Kevin Rudd, vowed this week to kill the country’s hugely unpopular carbon tax, a move that is expected to save companies billions of dollars and translate into lower energy bills for the average household. Read more: washingtontimes/news/2013/jul/18/carbon-programs-backlash-in-australia-eu-bode-ill-/#ixzz2ZUTJJluA Follow us: @washtimes on Twitter
Posted on: Fri, 19 Jul 2013 11:37:12 +0000