Thursday, January 22, 2009

Emissions trading scheme will go ahead: Rudd

ABC News Online, Posted Thu Jan 22, 2009 1:36pm AEDT

The Prime Minister Kevin Rudd says heavy job losses in the mining sector will not change the Government's plans to introduce a carbon emissions trading scheme.

The Government hopes to introduce a bill to Parliament later this year and wants the scheme up and running in 2010.

Mr Rudd says the Government will not ignore the problems caused by climate change while it deals with the global financial crisis.

"These are both real challenges responsible Governments can't afford to walk away from either, you have actually got to rise to the challenge, with both I believe we have got the balance right," he said.

"If you look at the adjustment packages that we have built in for the electricity supply industry and for the emissions intensive trade exposed sector of the economy and for households we believe we have got this balance right."

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