A climate of change

It now seems certain that Australia will have a cap-and-trade emissions trading scheme (ETS) by 2011, which, according to Prime Minister John Howard, "will include maximum practical coverage of emissions sources and sinks, and all greenhouse gases". Both of Australia's major political parties, as well most of Australian industry, support the government's current proposals. But despite this harmony of intent, there are concerns that many of the Australian companies affected by the scheme will