FarmPolicy

January 26, 2020

Climate Change Issues; Crop Insurance; NASS Reports; Food Safety; and Trade

Climate Change Issues: International Perspectives

Bloomberg writer Robert Fenner reported yesterday that, “Australia’s government will stick by plans to reintroduce legislation in February to create a national carbon emissions trading system after the bill was rejected by the Senate earlier this month.

“‘The parliament meets at the beginning of February and we will be putting the legislation again to the parliament,’ Finance Minister Lindsay Tanner told reporters in Melbourne today. ‘That commitment stands.’

“The government plan, employing carbon trading similar to that used in Europe, would raise average annual household costs by A$624 ($556) and make services such as electricity more expensive, Tanner said today, citing Treasury data. Opposition leader Tony Abbott, who took the role one day before the Senate rejected the bill, argues the proposal will raise costs by A$1,100 without mitigating climate change.”

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