Reuters: The government of an Australian territory said on Thursday it will enact tough carbon cutting laws, a step that comes after a national election that punished the ruling Labor party over lack of action on climate change. The Australian Capital Territory, which includes the capital Canberra also ruled by Labor, said its Climate Change and Greenhouse Gas Reduction Bill 2010 would set a target of cutting carbon emissions by 40 percent by 2020 from 1990 levels. The cut would rise to …