Business Asks Australia To Ease Carbon Trade
Posted on August 30, 2008
Environment groups demanded that Australia ignore the “greenhouse mafia” as major energy and mining companies met the government to demand greater compensation for a coming emissions trading regime.The government is planning to introduce one of the world’s biggest carbon trading schemes by 2010 that will force companies to buy permits to cover their emissions, putting a market price on carbon that will encourage firms to clean up their pollution.
Big business told the government this month the scheme could be a “company killer”, driving big emitters offshore or out of business.
Energy Minister Martin Ferguson met more than 70 large firms at parliament to talk over their concerns.
“Giving millions of dollars of taxpayers’ money to rich companies to allow them to continue polluting is immoral and uneconomic,” Greenpeace climate campaigner Trish Harrup said ahead of the meeting.
The centre-left government plans to introduce carbon trading by mid-2010 to help curb greenhouse gas emissions, blamed for global warming, with compensation for consumers and help for businesses facing higher energy costs.
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