Summaries - Australian Financial Review
17 February 2011, Page: 8
Federal Climate Change Minister Greg Combet today warned that inaction with respect to carbon pricing could lead to other countries implementing protective tariffs to level the playing field. Meanwhile, Rob Oakeshott, who is on the government's Multi Party Climate Change Committee, said he wanted small business compensation and recognition of land management practices as a prerequisite for his support on any carbon pricing or trading policy.
At the Australian Workers Union conference, Combet said the economic costs of inaction would be severe. Paul Howes, AWU national secretary, said that Australia's relatively clean aluminium industry needed to be even more environmentally responsible. The federal Greens party demands a national feed in tariff, a government renewable energy loan scheme and a 'white certificate' scheme. Rob Oakeshott will convene a consultation group regarding land use practises and ways in which they could be rewarded in environmental schemes.
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