Tuesday 23 December 2008

High-power compensation

Summaries - Australian Financial Review
Wednesday 17/12/2008 Page: 54

There is no viable argument for compensating the highly polluting members of the power industry that will be adversely affected by the introduction of an emissions trading scheme (ETS) and yet that is precisely what the Rudd government plans to do. The National Generators Forum previously said an ETS would add to investor confidence but now says the regulatory risk will drive investors away. The high-emission coal-fired power stations will be compensated with about $4 billion of taxpayer funds.

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