Australia: Emissions trading may cost more than it's worth

Here.

Excerpt:

The cost to farming of an emissions trading scheme (ETS) may dwarf the effect of climate change itself.

This is the blunt warning delivered by Australian Farm Institute director Mick Keogh who has urged farming leaders to stand up and play a pro-active role in the rapidly evolving carbon debate.

His figures show that farming gross margins may be reduced by as much as 30pc from their present state as not only will fertiliser, fuel and transport costs go up but paying for carbon emissions from livestock and cropping may also add to farming costs.