Australian CPRS

Australia’s House of Representatives this week approved an emissions trading scheme for the third time. The legislation easily cleared its first parliamentary hurdle 79-59. The lower house result vote was expected, and the government’s climate change legislation faces its real test in the Senate later in this parliamentary session. The bill is very likely to get defeated again in the senate over the coming weeks. However this is not expected to trigger an early election. In recent weeks, the Government’s focus has shifted away from climate change and onto more populist policies such as Health reform.