Australian Broadcasting Corporation: Climate change expert Warwick McKibbin has criticised the Government’s proposed emissions trading scheme as flawed, and says much bigger carbon cuts are needed. Professor McKibbin, who is also on the Reserve Bank of Australia board, has described the scheme as “predictable and disappointing” and vulnerable to change under future governments through industry lobbying. The Government has pledged to cut Australia’s emissions by between 5 and 15 per cent of 2000 levels by 2020 but …