Australia’s newly elected leaders, claiming a mandate to dump the old government’s climate policies, would actually protect programs the defeated Labor party was using to prepare for emissions trading.
Tony Abbott’s Liberal-National government’s poll ratings slipped behind the opposition as a diplomatic row with Indonesia threatens efforts to curb the number of asylum seekers arriving in Australia by boat.
The Australian opposition may support Prime Minister Tony Abbott’s bid to repeal the nation’s carbon tax if the government agrees to retain an emissions-trading program, Labor leader Bill Shorten said.
Australian Prime Minister Tony Abbott’s popularity has slipped as the government lags on its promise to stop asylum seekers arriving by boat, with parliament resuming for the first time since the September election.
Bill Shorten, who played a key role in the demise of former prime ministers Kevin Rudd and Julia Gillard, said he’ll stand for the Labor leadership as the party seeks to rebuild following its loss in Australia’s election.
General Electric Co. says Australia will eventually adopt an emissions-trading system even as the government seeks to repeal a carbon-price mechanism imposed on the A$1.5 trillion economy by a previous administration.