ETS will deliver $1 billion plus power subsidy for heavy emitters over 10 years
18 Jun 2008
Major industrial emitters are to receive well over a billion dollars in subsidies from ordinary consumers for power they buy over the next ten years.
Under the new rules proposed for the Emissions Trading Scheme (ETS), major emitters will be rebated for about 90% of the resulting electricity price increase, while other consumers will pay the full price rise.
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