The country’s largest freight companies will pay millions of dollars for carbon credits under the mechanism, although it will spare most trucking operators.
Pacific National, one of the country’s largest freight companies, says Labor’s safeguard mechanism will drive up carbon emissions in the sector by penalising freight transport but leaving trucking operators unaffected.
Pacific National chief executive Paul Scurrah said the practical outcome of the safeguard mechanism for the transport industry would be to tilt the playing field towards trucks, which would deliver a worse outcome for emissions. This would bring an extra cost burden for the rail freight sector, which would be felt by consumers at the end of the supply chain.said the company had been raising its concerns about the unintended consequences of the safeguard mechanism for months in an attempt to avoid a situation where more trucks would eventually be on the road.
Mr Scurrah said Pacific National’s investments in coming years included spending $330 million to buy 50 new fuel-efficient locomotives, to be used in long-distance operations, and the purchase of wagons able to haul a more productive payload of double-stacked containers.The safeguard mechanism is only applied to Australia’s largest 215 emitters, with thousands of small-to-medium trucking companies being spared.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia politics live: Labor hunts support for housing fund; count resumes in NSW with minority government on the cardsFollow live
Read more »
NSW could have a minority government as gap narrows in key seatsLabor&x27;s seat count has slipped back from the 47 needed for majority government to 46, as the new premier prepares to be sworn in today.
Read more »
NSW could have a minority government as gap narrows in key seatsLabor&x27;s seat count has slipped back from the 47 needed for majority government to 46, as the new premier prepares to be sworn in today.
Read more »
Severe thunderstorms set to smash NSW and the ACT on TuesdaySevere thunderstorms are set to lash the ACT and eastern parts of New South Wales on Tuesday afternoon, bringing heavy rainfall, large hail and damaging winds.
Read more »
Rain to soak all states and territories this weekRain will fall in large areas in every state and territory this week, while some areas will also be hit with thunderstorms and flooding, meteorologists have warned.
Read more »