Australian States abandon carbon trading, it would cost

The Australian – August 04 2006

THE states have downgraded plans for a multi-billion-dollar nationwide carbon trading system as they concede it threatens to increase electricity prices for families already hit by petrol and interest rate hikes.

The Australian

Poster’s Comments: [well duh! so its poliltics as usual, postpone disaster planning until _after_ the disaster, because it might cost something]