Uncertainty clouds Australia’s carbon trading proposals

According to Trevor Sikorski, carbon analyst at Barclays Capital, failure to establish legislation on carbon trading before Copenhagen could be a disadvantage to Australia's participation in global negotiations. "Obviously it's disappointing for everyone in the market," he says. "If Australia goes to Copenhagen without legislation agreed then any attempt for them to take the moral high ground in the negotiations will be lost."

"It does now seem that if they want to have something agreed before

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