Australia Climate Adviser: Scheme Need Not Boost CPI
By | Published: September 30, 2008
Reuters: Australia’s 2010 carbon emissions scheme would not be inflationary if permit revenue was used to offset increased costs, the government’s top climate adviser said in his final report on the scheme released Tuesday. Ross Garnaut also said the Australia should allocate A$1 billion to the power industry, dominated by coal-fired generators, to help it adjust to the emissions scheme. He stood firm on a recommendation in an earlier report that no free trading permits be issued to …
Australia Climate Adviser: Scheme Need Not Boost CPI
Reuters: Australia’s 2010 carbon emissions scheme would not be inflationary if permit revenue was used to offset increased costs, the government’s top climate adviser said in his final report on the scheme released Tuesday. Ross Garnaut also said the Australia should allocate A$1 billion to the power industry, dominated by coal-fired generators, to help it adjust to the emissions scheme. He stood firm on a recommendation in an earlier report that no free trading permits be issued to …
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