Business dismay at Coalition climate policy retreat

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.

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

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