Australia signs up for clear carbon trading rules, hinting at policy change

Signing declaration at the Paris climate talks 'recognises the role a carbon market might play after 2020', foreign minister Julie Bishop says

Australia has signed a Paris declaration calling for new clear rules for international carbon trading in a signal the Coalition's six-year carbon pricing policy veto could be softening as it prepares to review its climate policy in 2017.

Foreign minister Julie Bishop, who signed the declaration in Paris, said it was in Australia's interests to recognise the role an international carbon market might play in reducing emissions after 2020.