I think the ground is changing. I think it is important that we bring new countries into this discussion. And I think, from Australia’s point of view, if the world starts moving towards a carbon trading system, we can’t be left out of that, that Australia has a role…
and now John Howard
JOHN HOWARD has yielded to pressure to consider a global carbon trading scheme, and business leaders say they are ready to take action against global warming.
As Brian has noted at LP, the release of the Stern review has coincided with a sudden shift in the political direction with respect to AGW policy. Previously the Australian government position has been completely intransigent on being involved with carbon trading, but with Peter Costello’s interview on insiders and now this announcement it seems there has been a large shift in government opinion. Even if this is not a complete reversal it is a serious concession that Australia and the rest of the world needs to do more.
Earlier in the year the government used a review of the tax system as a stepping stone on the way to reversing its previously stated opposition to cutting top tax rates. Here’s hoping this review is the same, a facing saving exercise before a policy reversal and not just more hot air.