12 Nov. 2006

Stalling For Time

Govt to push 'New Kyoto' at UN talks:
The government remains opposed to signing the Kyoto Protocol on slashing emissions, instead pushing for what Prime Minister John Howard has labelled a "New Kyoto" to take effect when the current pact expires in 2012...

The move follows Treasurer Peter Costello saying Australia could not afford to sit on the sidelines as the world moved toward a comprehensive global carbon trading scheme.

But Mr Costello also said it was not something Australia would have to consider for another decade or more.