Australian Broadcasting Corporation: The Federal Government is preparing its response to Professor Ross Garnaut’s draft report, which warns of dire consequences if an emissions trading scheme is not introduced. Professor Garnaut called for a system to cap greenhouse emissions and a permit system for industry. He wants the scheme introduced in 2010, but with a two year phase in period. "These next few years will be crucial, we’ve got to have a strong global regime in place by 2013," he …