Omissions Trading Scheme?
Posted on the campaign blog ,
July 16th, 2008
GetUp is concerned that today’s Green Paper, outlining options for a Carbon Pollution Reduction Scheme, risks putting in place an “omissions trading scheme†that leaves out Australia’s biggest polluters and many other aspects of a scheme that would effectively reduce Australia’s emissions.
We have identified the following problems with the model proposed in today’s Green Paper:
• Free permits to pollute for trade-exposed emissions-intensive industries
• Direct payments to existing coal-fired electricity generators – allowing coal-fired power stations to expand, instead of phasing into renewable energy
• Cutting the fuel excise, instead of using the money to promote low-carbon transport alternatives
• A cap on the price of carbon from 2010 – 2015, undermines the scheme’s ability to price the real costs of greenhouse pollution.
Australia now has a once-in-a-lifetime opportunity to transition to a low-carbon economy.
But this Green Paper offers free emissions permits – covering up to 90% of their emissions – to Australia’s biggest polluters. This goes against the advice of the Garnaut Review.
Direct payments to coal-fired power stations would undermine the scheme. We need to transition away from coal, and into energy efficiency and renewable energy as soon as we can.
We urge the government to reconsider subsidising the big polluters and instead begin planning a just transition away from coal for the LaTrobe Valley and Hunter Valley.
Climate change mitigation must begin now and reflect the urgency of the situation. Delay in bringing the big polluters on board risks compromising Australia’s emissions trading scheme from the start.
28 comments
Sarah Stuart
July 16th, 2008
The other bad thing about the green paper is that it removes the fuel excise - this is money that could be invested in public transport instead!