If the government won't gradually tighten emission limits for Safeguard facilities, it should support good performers with cheap loans, not special carbon credits, according to the Climate Change Authority.
The company behind the 1,000 kilometre-long, $1.5 billion proposed CopperString transmission line today announced it has signed an implementation agreement with the Queensland government.
The $1.5 billion CopperString 2.0 transmission line, the Vales Point coal power station, and companies shortlisted for fast-track EPBC assessments are among tonight's Budget winners.
Oliver Yates, the inaugural chief executive of the Clean Energy Finance Corporation, says the government has made incorrect claims about the CEFC's existing powers, and has accused it of deception.
The federal government is targeting price reductions that would make CCS almost cost-neutral if it could earn carbon credits, allow green steel and aluminium to be produced with no price premium, and slash soil carbon costs by 90%.
The Morrison government's new climate package gives ARENA far less money than it needs, and should be accompanied by a net-zero target, according to shadow climate minister Mark Butler.
The federal government will tip an extra $1.8 billion into climate action over 10 years, with a stronger emphasis on hard-to-abate sectors, hydrogen, transport, energy productivity, soil carbon and CCS.