Australian Prime Minister John Howard announced yesterday that Australia, one of the worst per capita polluters in the world, will launch a domestic carbon trading scheme in 2012 to fight global warming.
But Howard warned that capping the carbon dioxide belched out by coal-fired power stations could seriously hurt the economy and Australia might have to turn in part to previously shunned nuclear energy.
"Implementing an emissions trading scheme and setting a long-term goal for reducing emissions will be the most momentous economic decision Australia will take in the next decade," he said.
"If we get this wrong it will do enormous damage to the economy, to jobs and to the economic well-being of ordinary Australians, especially low-income households," he said.
Howard, whose government joined the US in refusing to sign the Kyoto Protocol on limiting greenhouse gas emissions, said Australia's trading scheme would be better than those already in place in Europe.
"More comprehensive, more rigorously grounded in economics and with better governance than anything in Europe," he told an annual meeting of his Liberal Party national council.
But his refusal to set a target for the reduction in emissions until next year and the delay in implementation until 2012 drew immediate criticism.
"Climate change is not going to wait for the Liberal Party," Australian Greens leader Senator Bob Brown said.
"Keeping global temperature rises to two degrees Celsius or less requires rigorous action now," he said.
Howard attributed the delay in setting a target to a need for rigorous economic modelling, but critics noted that it also meant he would not have to announce the figure before general elections at the end of this year.
The opposition Labor Party, which has pledged a cut of 60 percent in emissions by 2050, has a strong lead in opinion polls.
Climate change has become a major political issue in Australia, where the worst drought in a century is hitting agriculture and the economy and threatening drinking water supplies to cities.
Howard said Australia, which holds 40 percent of the world's uranium reserves, would also have to set aside opposition to atomic energy and consider the introduction of nuclear power stations.
The plan would involve the government setting a cap on emissions and granting businesses permits to cover the amount of greenhouse gases they produce each year. Firms wishing to emit more carbon dioxide than their allocated quota would have to buy permits from companies with a surplus, thereby creating an economic incentive to reduce pollution.
Taiwan is projected to lose a working-age population of about 6.67 million people in two waves of retirement in the coming years, as the nation confronts accelerating demographic decline and a shortage of younger workers to take their place, the Ministry of the Interior said. Taiwan experienced its largest baby boom between 1958 and 1966, when the population grew by 3.78 million, followed by a second surge of 2.89 million between 1976 and 1982, ministry data showed. In 2023, the first of those baby boom generations — those born in the late 1950s and early 1960s — began to enter retirement, triggering
ECONOMIC BOOST: Should the more than 23 million people eligible for the NT$10,000 handouts spend them the same way as in 2023, GDP could rise 0.5 percent, an official said Universal cash handouts of NT$10,000 (US$330) are to be disbursed late next month at the earliest — including to permanent residents and foreign residents married to Taiwanese — pending legislative approval, the Ministry of Finance said yesterday. The Executive Yuan yesterday approved the Special Act for Strengthening Economic, Social and National Security Resilience in Response to International Circumstances (因應國際情勢強化經濟社會及民生國安韌性特別條例). The NT$550 billion special budget includes NT$236 billion for the cash handouts, plus an additional NT$20 billion set aside as reserve funds, expected to be used to support industries. Handouts might begin one month after the bill is promulgated and would be completed within
The National Development Council (NDC) yesterday unveiled details of new regulations that ease restrictions on foreigners working or living in Taiwan, as part of a bid to attract skilled workers from abroad. The regulations, which could go into effect in the first quarter of next year, stem from amendments to the Act for the Recruitment and Employment of Foreign Professionals (外國專業人才延攬及僱用法) passed by lawmakers on Aug. 29. Students categorized as “overseas compatriots” would be allowed to stay and work in Taiwan in the two years after their graduation without obtaining additional permits, doing away with the evaluation process that is currently required,
IMPORTANT BACKER: China seeks to expel US influence from the Indo-Pacific region and supplant Washington as the global leader, MAC Minister Chiu Chui-cheng said China is preparing for war to seize Taiwan, Mainland Affairs Council (MAC) Minister Chiu Chui-cheng (邱垂正) said in Washington on Friday, warning that Taiwan’s fall would trigger a regional “domino effect” endangering US security. In a speech titled “Maintaining the Peaceful and Stable Status Quo Across the Taiwan Strait is in Line with the Shared Interests of Taiwan and the United States,” Chiu said Taiwan’s strategic importance is “closely tied” to US interests. Geopolitically, Taiwan sits in a “core position” in the first island chain — an arc stretching from Japan, through Taiwan and the Philippines, to Borneo, which is shared by
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