Business dismay at Coalition climate policy retreat

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 90%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Companies want bipartisan support for Labor’s benchmark emissions reduction plan, warning of policy chaos, rising power prices and increased operating costs.

Australia’s industrial, resources and manufacturing sectors have warned of ongoing policy chaos, rising power prices and increased operating costs as thegifting Adam Bandt the whip-hand in potentially making the government’s cornerstone climate plan more painful to business.

“We still believe it’s the best mechanism to send a signal for driving investment into lower emissions technology.” The mechanism is also being tightened via regulation to force companies to accelerate carbon reductions between July 1, when it is due to take effect, and 2030 and beyond.Speaking from Europe, Mr Bowen slammed the Coalition for “paying lip service to action on climate change while actively opposing it”.

Greens leader Adam Bandt has vowed to harden the mechanism’s treatment of oil and gas companies, and says carbon credit offsets should only be used as a last resort.The party has not yet clarified what changes it will demand from Labor before giving the legislation the support Mr Bowen needs to pass it through the Senate.

Mr Willox said there was still some way to go to work out other aspects of Safeguard Mechanism reform, such as the treatment of trade-exposed adjusted baselines and the scope for the use of Australian carbon credit units , which are a separate category of offsets that will be allowed under the mechanism.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Climate ideology is devoid of rationality.

What happening in Australia.All the cash stop company has been closed.I wondering what happened to the money.I phone the office and it seems like they have done a runner with the money.I maybe wrong but I don't think so

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bill Gates complained to tech companies about 'laughable' COVID conspiracy theoriesThe Microsoft co-founder Bill Gates says he complained to technology companies about COVID-19 conspiracy theories about him being spread online. It turned out all COVID 'conspiracy theories' to be true, no? Which conspiracy theory ? I remember when spread the dis-information about how the covid clot shot stopped transmission. Remember that you conspiracy theorists
Source: abcnews - 🏆 5. / 83 Read more »

Hackers attack 12 Australian companies with education phishing scamCriminals looking for new ways to steal data have begun targeting trusted third-party providers such as online education companies.
Source: FinancialReview - 🏆 2. / 90 Read more »

Gas companies reap ‘windfall profits’ despite not directly selling to consumersGrattan Institute energy program director Tony Wood says it is undeniable that gas companies make “windfall profits” in some instances but they are not always the ones who sell us gas. “They're the ones who sell the gas to the ones who do sell it to us,” Mr Wood told Sky News Australia. “That's where the government's tried to have an impact on those windfall profits.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »