Carbon programs’ backlash in Australia, EU bode ill for U.S. efforts to fight climate change

Recent stumbles in Europe and Australia to implement ambitious climate change programs are providing a “cautionary tale” for the Obama administration and U.S. lawmakers as they consider how to fulfill President Obama’s drive to reduce U.S. greenhouse gases.

A popular backlash against a carbon tax in Australia and major implementation problems with the European Union’s “cap-and-trade” carbon emissions trading program are raising fresh doubts about the two main policy vehicles that climate change advocates have backed to curb greenhouse gas pollution in the industrial world, analysts say.

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