Howard edges toward carbon trade scheme

As reported in The Age:

Better late than never??

Whether you support nuclear or renewables, this looks to be a step in the right direction.

Some quotes:

State Labor governments applied the political blowtorch to Mr Howard, decrying his lack of action on climate change. The premiers and chief ministers have threatened to go it alone on emissions trading if Canberra fails to develop a scheme.

But there is still great disagreement within government ranks on how or even whether an emissions trading scheme can be adopted. Treasurer Peter Costello accused anyone who put the environment ahead of the economy of zealotry.

I think this greatly depends on the timeframe of reference. Peter Costello's remarks do not appear credible (based on this scientific consensus) in the longer term (i.e. letting market forces prevail, as is the status-quo, is expected to put people out of work and home).