Professor Ross Garnaut, adviser to the Australian Government, released his long awaited green paper today. In it he suggests all sectors, including the transport sector, will be included in the new Emissions Trading Scheme (ETS).

There is much debate in Australia about the impact this will have on the cost of petrol, which is already pushing A$1.70 per litre. This may not seem like much to Europeans but in Australia it is already causing major jitters in the economy. Especially amongt the freight and transport companies.