The Albanese Government is facing significant backlash from both flanks over its latest major reform to Australia’s climate change agenda with the Coalition accusing Labor of resurrecting the carbon tax.
In what is the largest proposed reform to Australia’s climate regulations, Energy Minister Chris Bowen revealed the government’s changes would force the country’s largest emitters to cut emissions by 4.9 per cent each year.
Chris Bowen's proposal will see the country's biggest polluters reduce their emissions by roughly 30 per cent by the end of the decade. Picture: NCA Newswire/David Swift Mr O’Brien said the carbon price proposed by the current government – more than three times higher than the Gillard-era $25 a tonne – would bring further stress on struggling households and businesses.
Mr O’Brien said the proposal was “three times the size” of the original carbon tax. However, the emissions threshold in the old scheme was a quarter of the existing baseline level . “This is an ideological move and I respect the ideology but there’s a practical reality to it. So we’ll work through it in a constructive way but as it sits at the moment no detail, no consultation just an ideology.”
“Labor’s Safeguard Mechanism is giving coal and gas a green light to keep expanding as long as they buy enough offsets,” Senator Faruqi said in a statement on Tuesday.
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