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Gillard Says Australia to Review Carbon-Trading Plan in 2012

Australian Prime Minister Julia Gillard said her government intends to review plans for a carbon-trading system in 2012 and that setting a price for carbon is best done through the market.

“We will review in 2012 the nature of community consensus in Australia about the Carbon Pollution Reduction Scheme, the progress internationally on pricing carbon and combating climate change,” Gillard, who became the nation’s first female prime minister after ousting Kevin Rudd last month, told Australian Broadcasting Corp.’s Lateline program yesterday.