Australian ETS delayed

Was reported last week that the Australian Government is looking to delay its ETS from implementation in 2010, due to an select inquiry into its effectiveness.

So the small delay in NZ has us on much the same path as Rudd’s Government in NZ.

In hindsight supporters of an ETS should be very pleased that Labour and National delayed it coming into effect on 1 January 2009 as originally planned. Having power and petrol prices jump up just as we are heading into the worst recession for 70 years would have engineered a huge backlash against the ETS.