Fiscal forecast: ETS will lose Govt $121m net in first commitment period
23 May 2008
The Government will allocate $2,151 million in emission credits and earn $2,030 million from them in the first Kyoto commitment period, making a net loss of $121 million.
It will start to run surpluses from credit sales as a result of its emissions trading scheme after 2012. But there is no talk of an $80b windfall, but mention of any surplus being recycled into tax cuts.
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Story copyright © Carbon News 2008
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