ENVIRONMENT: How Kyoto’s greenhouse gas cuts will hit the hip-pocket*

Most Australians remain oblivious to how the Kyoto Protocols on reducing greenhouse gas emissions will affect them. John Daley explains the practical consequences.This is an extract from a review appearing in the current issue of The National Observer, the publication of the Council for the National Interest. (See details on page 13)The economic implications of the Kyoto Protocol for Australia are not adequately appreciated. Australia’s commitment to emit no more than 108 per cent of its 1990 le…

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