The Australian Government has bowed in to pressure from those opposed to its carbon trading plans by delaying the start of the scheme by one year.rnPrime minister Kevin Rudd said that the delay will help Australian compa-rnnies manage the impacts of the global recession and also announced a number of other changes to the Carbon Pollution Reduction Scheme (CPRS).rnThe CPRS will now start in July 2011 with an initial one-year fixed-price phase during which an unlimited number of permits will be issued to liable companies. Rudd also announced new targets for carbon emissions in Australia.
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