Australia may be heading for emissions trading between big polluters
19 Aug 2022
COULD Australia soon have a form of emissions trading? Yes, if Labor's much-anticipated paper on fixing Australia's mediocre emissions-reduction framework, released yesterday, is any guide.
At present, Australia relies on the controversial safeguard mechanism to encourage big emitters such as fossil fuel power plants and manufacturers to reduce their pollution. This framework—alongside the Emissions Reduction Fund—was introduced during the Coalition years to reduce carbon dioxide pollution at low cost.
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