Australian miner asks government to test carbon trade

The Australian mining giant, Rio Tinto, has warned that the government must road-test carbon emissions trading before introducing it, or face economic risk.

In its submission to the governments climate change review committee, the mining company said that the country needs more time to prepare for emissions trading. The government wants to implement the emissions trading system in 2010, saying that the global greenhouse gas emissions will almost double by 2030.

The submissions will be vetted by economist Ross Garnaut, who will draft the findings and submit it by May.