Australia to start carbon trading in 2010

The scheme will cover three quarters of Australia's emissions and aims to cut greenhouse gas emissions by 5-15% by 2020 from 2000 levels, with a long-term aim of reducing emissions by 60% by 2050 from 2000 levels, according to a white paper released by the Australian government today.

Wong said in her statement that reaching the proposed targets would prove challenging, considering that Australia's emissions have grown rapidly since 1995.

The mood at Poznan has been somewhat darkened by the global