-
Source: Reuters -
Related
Labor's emissions trading scheme offer to the
coalition:
COAL
- Government assistance doubled to $1.89 billion over five years.
HOUSEHOLDS
- Assistance package reduced by $1.1 billion over four
years.
- Households rewarded for voluntarily reducing their carbon
pollution.
ELECTRICITY
- Power generators get $9.2 billion worth of polluting permits, a $5 billion increase on Labor's previous ETS package.
- Government assistance of $1.3 billion to help miners and manufacturers cope with rising electricity prices in early years of scheme.
AGRICULTURE
- Agriculture permanently excluded from the ETS, as previously announced.
- Farmers rewarded with offsets for reducing their emissions.
TRADE-EXPOSED INDUSTRIES
- Import-competing industries that don't get their own specific compensation package offered assistance known as a global recession buffer.
- Industries eligible for 60% assistance previously, now get 66%; industries eligible for 90% assistance to receive 94.5%.
FOOD PROCESSING
- Food-processing sector gets $189 million over five years to
help it develop technologies to reduce emissions from waste water
at meat and dairy processing facilities.
World News Video
-
Dangerous rush to Everest summit (1:59)
-
Dozens killed in Syrian massacre (2:09)
-
'King of Romance' competes in Eurovision (1:46)
