Australia eyes 1,000 polluters for carbon trading
About 1,000 of Australia's biggest polluting companies will need to buy permits under an emissions trading scheme expected to be introduced in 2010 to try to reduce greenhouse gas emissions, the minister for climate change, Penny Wong said on Sunday. Australia, highly dependent on coal for making electricity and generating hundreds of billions of dollars in annual export revenue, is scheduled to release a paper on Wednesday spelling out guidelines for how it intends to implement emissions trading.