US Parallels To Australian Climate Change Failure

Law360, New York (September 1, 2009, 1:02 PM EDT) -- On Aug. 13, 2009, Australia’s Senate voted 42 to 30 to reject a historic climate change bill that would have created a new carbon trading system similar to the programs currently used in the European Union and now under consideration in the United States.

A week later, on Aug. 20, Australian lawmakers regrouped around a more modest renewable energy bill that requires 20 percent of the country’s electricity to be generated by renewable sources by 2020.

Australia’s first attempt to enact a carbon cap-and-trade system may...
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