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Australia: Green plans under pressure

THE COUNTRY has postponed the start of its carbon-trading scheme by a year, until 2011. It says it needs to protect domestic business from further financial hardship during the global economic downturn. At the same time, a government anxious to maintain its green credentials has launched incentives for renewables development and tougher objectives for carbon-emissions cuts, although conditions placed on the latter raise doubts over whether they will be realised. Emissions trading will now start in July 2011, when a one-year fixed-price period will be introduced. Permits will cost $10 a tonne of carbon in 2011-12, with full market trading starting in July 2012. Companies most exposed to the

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