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AUSTRALIAN PM SET TO ANNOUNCE EMISSIONS TRADING SCHEME.

AsiaPulse News

| June 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

CANBERRA, June 1 Asia Pulse - Prime Minister John Howard is expected to announce a national trading scheme in greenhouse gas emissions during the Liberal Party's three-day conference which begins today.

Network Ten reported Mr Howard will unveil in his closing address in Sydney on Sunday a scheme beginning in 2011 with a starting carbon price of $A20 ($US16.53) a tonne.

The prime minister also indicated this week that carbon trading would require the setting of a long-term emissions reduction target.

He formally received the report of his emissions trading task group in Canberra ...

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