Summaries - Australian Financial Review
Wednesday 11/2/2009 Page: 3
The Australian Aluminium Council, OneSteel, and the Cement Industry Federation have expressed concerns about the 20% renewable energy target that is part of Prime Minister Kevin Rudd's proposed emissions trading scheme, to be introduced next year. Trade-exposed companies will receive 60% to 90% of their permits for free as part of a $2.9 billion assistance package. The Department of Climate Change's latest discussion paper indicates that the aluminium industry is likely to get the bulk of assistance. Economist Ross Garnaut has criticised this aspect of the scheme as it could appear protectionist and spark a global trade war.
0 comments:
Post a Comment