RPT-INTERVIEW-Australia to link its new carbon market globally
Source: Reuters
(Repeats to additional subscribers with no changes to text) NAIROBI, Nov 16 (Reuters) - Australia wants to link up a proposed new nation-wide carbon market with other such markets around the world and will announce more details next week, Environment Minister Ian Campbell said on Thursday. Prime Minster John Howard was deciding this week the remit of an industry-government taskforce which would design the new market. "He's literally putting the finishing touches on that group over the next day or two," Campbell told Reuters. "He'll announce it, I think, next week." Speaking on the fringes of a climate change conference in Nairobi, Campbell said the taskforce would design an Australia-wide carbon market that would not harm Australia's competitiveness. Australia, alongside the United States, pulled out of the Kyoto Protocol on global warming because of concerns that it exempted major developing economies from greenhouse gas emissions targets. "We want one (a market) that will suit Australia, that will address competitiveness issues." "There's no use driving major industrial facilities into Indonesia, China or Malaysia, just to see the greenhouse gases going up across the border." "We also want to design a system that's compatible with other market systems around the world so we can create linkages." Howard would announce more details next week of its remit, which will include deciding when the market could launch. "The task group will be announced next week, and they will start work immediately. In terms of their time schedule, we'll just have to wait for the PM's announcement."
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