The federal Coalition will oppose the Albanese government’s more aggressive limits on industrial emissions, arguing the $75 carbon price cap is triple the size of Julia Gillard’s discarded carbon tax.
The federal Coalition will oppose the Albanese government’s more aggressive limits on industrial emissions, arguing the planned $75 a tonne carbon price cap is triple the size of Julia Gillard’s discarded carbon tax.Labor’s planned restrictions on industrial emissions
With the Coalition signalling its opposition to the decarbonisation policy, the government will require the Senate support of the Greens plus one other senator such as David Pocock to pass the reforms. “The Greens will use our balance of power position to push Labor to stop opening up new coal and gas projects and ensure real cuts to pollution, not just hot air.”Advertisement
High emitting facilities that overshoot their cap will need to purchase carbon credits on the open market such as from landowners planting trees, or from companies that over-achieve on their emission reduction and have surplus credits.
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