Climate change Adviser * Australia - Garnaut rules out emissions trading petrol price link

The Federal Government's climate change adviser, Ross Garnaut, has ruled out a link between an emissions trading scheme and rising petrol prices

Brisbane,Australia -ABC Online -11 July 2008: -- A new CSIRO report predicts the cost of petrol could blow out to $8 per litre by 2018... The Fuel for Thought report also suggests an emissions trading program will have only a moderate impact on petrol prices... Professor Garnaut has told a forum in Brisbane that oil is a separate issue... "That has nothing to do with the emissions trading scheme," he said... "That's what happens, they think as a result of increases in global oil prices and if that happens it's got nothing to do with the emissions trading scheme."... Professor Garnaut also says the trucking industry should not be compensated if an emissions trading scheme is introduced... But he says the scheme will have a minimal impact on fuel prices compared to rising oil prices... (Picture by Dave Hunt/AAP: Oil is a separate issue)