Emissions cap OK'd for big Australian polluters

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Emissions cap OK'd for big Australian polluters
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SYDNEY: Australia's parliament passed breakthrough climate laws targeting the nation's worst polluters on Thursday, forcing coal mines and oil refineries to curb emissions by about 5 percent each year.

The laws apply to 215 major industrial facilities — each producing more than 100,000 tons of greenhouse gases a year — and form the backbone of Australia's pledge to reach net zero emissions by 2050.Experts said the laws signaled the end of Australia's bitter 'climate wars' — a decade of political brawling that has repeatedly derailed attempts to tackle the country's contribution to global warming.

Greens leader Adam Bandt said the move compelled oil and gas corporations to slash their emissions 'for the first time ever in law.'Climate 'stalemate'Australia's economy is fueled by mining and coal exports, and it is among the biggest emitters of carbon dioxide per capita in the world.For years, Australia had the reputation of acting as a laggard on global action to stop climate change.

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