ETS review: Where are emissions reductions?
16 Sep 2011
With each change to the Emissions Trading Scheme, the subsidy regime is expanded and the taxpayer picks up more of the tab, while there is minimal impact on gross emissions, the Sustainability Council says.
On top of the tens of billions of dollars that the Treasury estimates subsidies to major emitters and farmers will cost the nation long-term, a new wave of transitional subsidies has been recommended by the ETS review, executive director Simon Terry says.
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