US Congress Passes Climate and Energy Bill

The US congress has passed Obama’s climate and energy bill which will introduce a cap-trade system to reduce emissions by 14% by 2020 and 83% by 2050. Along with the $150billion previously announced for clean energy incentives and R&D, this will accelerate the global shift towards a low carbon, clean industrial revoltuion.  Australia must lead this transformation or as a friend of mine tells me ‘we’ll be that blue-heeler dog you see barking loudly on the side of the road as the caravan passes us by’.

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