Fergus Green writes at LowyInterpreter.org:
Prime Minister-elect Tony Abbott once famously described the science of climate change as ‘absolute crap’ and gave a ‘pledge in blood’ to repeal Australia’s carbon pricing scheme if elected to government. On domestic climate policy, the stark difference between the Coalition and Labor was a central issue in the election campaign. But what does the election of the Abbott Government mean for international climate policy?
First, a major blow has been struck to the mainstream ‘Treaties, Targets & Trading’ paradigm of global climate policy. The grand vision at the heart of this paradigm is of (1) a global emissions trading scheme (ETS), enshrined within (2) an international treaty, predicated on (3) a regime of emissions reduction targets for each country that ‘add up’ to a global reduction in greenhouse gas concentrations sufficient to restrain global warming to within ‘safe’ levels.