Chair of the Senate trading bills inquiry, Labor Senator Annette Hurley, has poured cold water on an ACF suggestion that a further round of legislation could be passed before mid-2010 if the current bill fails. Plus Colonial First State on the different messages firms can give to politicians and to investors, and more Senate testimony.
If the CPRS legislation fails under the weight of relentless, 'cynical' lobbying by industry associations, then no politician will have the courage to try again in the near future, warns WWF chief Greg Bourne.
Coal-fired generators need free permits equivalent to 'as few as 10 to 15% of the total emissions permit pool', according to the National Generators Forum. Meanwhile, Greenpeace has issued a musical anti-coal video to pressure the Rudd Government not to give money or free permits to fossil fuel-fired power stations.
Australia should begin emissions trading with a carbon price of about $45 a tonne and should aim to reduce emissions to at least 30% below 1990 levels by 2020, says the Australian Conservation Foundation's response to the Rudd Government's emissions trading green paper.
Australia risks pushing low-emissions industries to grow at unsustainably high rates if it fails to jettison its industry-neutral, least-cost approach to industry development, says a new WWF report.
The Coalition should stop 'bleating and moaning' about not having the economic modelling on emissions trading because they had 10 years to get it done while in office, WWF chief Greg Bourne tells CE Daily.
Bourne also warns the Greens that seeking to impose their idea of a perfect scheme could jeopardise efforts to put something in place quickly.
The Australian Conservation Foundation tells the Wilkins review the Mandatory Renewable Energy Target scheme is an essential policy measure, while the Business Council of Australia suggests more precise targeting.
WWF Australia chief Greg Bourne says a range of laws – not just the federal EPBC Act – must be changed so large greenhouse gas emitters undergo regulatory scrutiny. Plus ACF calls for tax subsidy phase-outs, BCA cautions on meshing renewables and trading schemes, EBA calls for 'war council' approach. (with audio)