Wednesday, 5 November 2008
The Mercury
Federal Treasurer Wayne Swan has dismissed the advice of a leading climate change economist to delay its proposed emissions trading scheme until international negotiations are completed.
Warwick McKibbin has urged the Government to delay its planned 2010 start to a trading scheme by at least a year.
The Opposition yesterday backed Professor McKibbin, who is also a Reserve Bank board member, saying the Government should await the outcome of a United Nations meeting on climate change in Copenhagen in November next year.
But Mr Swan said the Government's own Treasury modelling, released last month, takes account of the fact the international negotiations could produce variable results.