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Australia Climate Plan Leaves Emission Cuts with Government

Australia on Thursday released a draft climate plan that would leave the government responsible for funding the nation's emission cuts while the nation's biggest carbon emitters would only be liable if they exceed historically high levels.   The A$2.55 billion Emissions Reduction Fund is the Liberal government's main weapon to meet its target of cutting Australia's climate-changing emissions to 5 percent below 2000 levels by 2020.   Australia must cut CO2...

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