Australia was one of the few countries which did not sign the Kyoto protocol. Now there are more and more carbon trading news emerging and Australia feels a little left behind; Australia was developing a regional carbon trading scheme and maybe they were just too foolish to think they could play this “carbon trading game” with the US Americans and Chinese…well, looks like nobody wants to play with the Aussies and so they´ve dropped their plans – for now, maybe till the General elections, who knows.
treehugger: Australia was developing a regional carbon trading scheme, which would have included China and the US. It was to present it at the Asia Pacific Economic Cooperation forum leaders’ summit in Sydney in September.However, it now seems as though the plan has been dropped. Australian Foreign Minister, Alexander Downer, said an agreement between all the nations was unlikely. “You need to understand that in terms of an emissions trading scheme, both China — particularly China — and the United States — and I think …. there would be some smaller countries in the region which might share this view — have been opposed to establishing an emissions trading scheme.”
