Credits Trader: No Carbon Apology Needed, says PM

JULIA Gillard has declined to apologise for her pre-election declaration that "there will be no carbon tax under the government I lead" and has warned that it may take "months and months and months" to convince voters on the merits of the policy.

Asked yesterday why she didn't just apologise, the Prime Minister said: "I've explained, of course, to the Australian people that I never meant to mislead anybody during the last election campaign about carbon pricing".

She told the ABC that carbon would be priced "through a path I didn't expect during the election campaign".

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Credits Trader: No Carbon Apology Needed, says PM