Bill Shorten has signalled Labor is highly unlikely to use carryover credits from the Kyoto protocol as part of its climate change policy, which will be unveiled over the coming weeks.
Labor has already released its policy for reducing emissions in the electricity sector. Shortly the opposition will unveil the rest of its policy measures, expected to include a trading scheme for liable entities – big polluters emitting more than 25,000 tonnes of carbon a year; new vehicle emissions standards to bring down pollution in transport; measures for agriculture; and its final position on the use of international permits and Kyoto credits….
An excerpt from Guardian