ALL TRADE, NO CAP:

Coal gets emissions free pass until 2033 (ROSSLYN BEEBY, 10/20/09, Canberra Times)

Australia will not cut emissions from coal-fired power for at least 24 years under the Rudd Government's proposed carbon trading scheme, a leading economist says.

Instead, the scheme's polluter loopholes will force the Government to spend millions buying carbon permits from developing countries to meet even modest greenhouse targets, The Australia Institute's executive director Richard Denniss said.

''The whole point of the scheme is not to reduce Australia's domestic emissions but to import a large number of permits from developing countries,'' he said.