Shorten makes case for ETS in Washington


Mr Shorten described the decision to become the first country in the world to unwind its carbon pricing scheme as regrettable but said the more serious risk was that Australia would suffer "damaging economic isolation" as the world moved to take collective action on climate change. "It will not be long before a lack of climate policy is an obstacle to finalising trade deals," he said. "In fact, it is entirely possible that trade negotiations will mandate an effective price on carbon to ensure a level trading field.

Mr Shorten told the Peterson Institute for International Economics in Washington DC that as an economic, environmental and security issue, climate change well and truly belonged on the G20 agenda. "Just as global growth, global free trade and multi-national tax avoidance require international consensus, climate change is a global problem that demands a global solution," he said.

Read more here: Business Spectator


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