Australia to set 10 pct carbon reduction target: report

SYDNEY (Reuters) - The Australian government has endorsed a carbon emissions reduction target of 10 percent by 2020, following the introduction of a carbon trading scheme in 2010, the Australian Financial Review paper said on Wednesday.

A more ambitious 25 percent reduction target would be kept open as a possibility if the international community agrees to ambitious targets at a United Nations summit in Copenhagen at the end of 2009, the paper said without citing sources.

The government's top climate adviser Ross Garnaut said in a report published in September that Australia should aim to cut emissions by 5-10 percent by 2020.

(Reporting by James Thornhill, editing by Adrian Bathgate)