Australian cap-and-trade plan Delayed

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Australian Prime Minister Kevin Rudd's announcement that the country’s cap-and-trade program will to be delayed a year and will not roll out until July 2011 comes as no surprise to those who have been following the debate down-under.
I Rudd's words "I believe (this) is the most sensible, rational, balanced response to a fundamental change in economic circumstances." Are the adverse economic condition solely be be blamed or has conservative politics won the debate?

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