8. Is this the start of something big?

Just a quick thought before the weekend. The news is out that Australia and Europe will link their emissions trading schemes. At first glance this can be viewed in a few ways. On the one hand this might just cause more problems and as the "devil is in the details", it is difficult to judge if this is a smart idea ... But on the other hand, this could be a very effective way for the Australian scheme to remain in place even if we see a change in government. As it will be rather difficult to ditch the scheme in Australia if it is closely connected into Europe, and perhaps the schemes of other countries too? It is on this point that perhaps something big just happened ... if Europe and Australia can join their schemes, then maybe others may jump on board too, like China, Japan and Korea ... and that would create real momentum and bring about global trading - something which has seemed a very remote possibility ... time wll tell, but let's hope from little things, big things grow!