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7/2/14

Climate change: Australia and US are moving in opposite directions - by Greg Jericho

The difference between the position of the Australian and the United States governments on climate change looks stark. Last week members of the Australian government celebrated the passing of a bill dismantling the carbon price, while last Wednesday US president Barack Obama delivered a speech arguing strongly for the need to act on climate change.

Obama’s speech came off the back of the announcement earlier in the month that the US Environmental Protection Authority was proposing new rules to force the power sector to cut carbon dioxide emissions by 30% on 2005 levels by 2030.

Last week as well, a new report on the economic impacts of climate change was issued by a bipartisan organisation headed by the “Risky Business project”, which is co-chaired by former republican mayor of New York city Michael R. Bloomberg; Henry Paulson, the former CEO of Goldman Sachs and the secretary of the treasury under George W Bush; and Tom Steyer, a billionaire hedge-fund manager with a long history of environmental philanthropy.


Read more: Climate change: Australia and US are moving in opposite directions | Business | The Guardian

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