The Wire

The Rudd Government is defending its revised emissions trading scheme but not everyone is convinced it is a step in the right direction. The Government is delaying the starting date by a year and extending the maximum target to 25%. But it is also reducing the emissions trading price which is offering only little incentive to big polluters to reduce their emissions. Critics say Mr Rudd doesn’t want to spend any political capital on the debate of climate change in an environment of economic downturn. The Wire’s Anne von Fehrn asked Julian Vincent, Climate and Energy campaigner with Greenpeace what the exact impact of the delay would be.