Good news, bad news on carbon emissions

Good news and bad news from our English-speaking cousins:

First the good news: Jim Prentice, Canada’s environment minister, announced last week that his Conservative government will institute a cap-and-trade system for coal-fired power plants, effectively forbidding new coal-plant construction without carbon sequestration and leading to the phase-out of existing plants.

The bad news is that Australia has delayed its cap-and-trade system by a year, until 2011, repor [...]

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