OZschwitz: Environment policy to produce biggest shake-up to economy in decades

OZschwitz confronts cold facts

THE Minister for Climate Change, Penny Wong, warns the Government's plan to cut greenhouse gases will produce the biggest shake-up to the economy in decades, and she has promised to set out by July how households and businesses will be hit.

Senator Wong unveiled her timetable as the United Nations published an alarming report showing the world's glaciers are melting at a record rate under the impact of climate change, threatening millions of people with water shortages.

"There are many canaries emerging in the climate change coalmine," said the head of the UN Environment Program, Achim Steiner. "The glaciers are perhaps among those making the most noise, and it is absolutely essential that everyone sits up and takes notice."

Data from almost 30 glaciers in nine mountain ranges shows that from 2005 to 2006 the average rate of melting and thinning more than doubled. The UN and the World Glacier Monitoring Service found the biggest glacier melts included those in Norway, France and the Italian and Austrian Alps.

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OZschwitz: Environment policy to produce biggest shake-up to economy in decades

OZschwitz: Environment policy to produce biggest shake-up to economy in decades

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