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The Australian Minerals Industry Fact Sheet

Industry Definition and Contribution: The Australian minerals industry is defined as covering the exploration and mining of minerals (including coal) and the associated minerals processing industry. The Minerals Council of Australia, in representing the industry nationally and internationally, is committed to contributing to the sustained growth and prosperity of current and future generations through the integration of sound financial management, responsible social development and effective environmental management.

Coalition climate change policy

The Coalition?s climate change policy strikes at the real intent of pricing carbon ? providing an incentive to reduce greenhouse gas emissions without negatively impacting on jobs, investment, exports and growth. The Minerals Council of Australia welcomes the shift to a policy designed to use incentives as a driver to reduce emissions rather than an approach that is pre-occupied with penalising business to raise revenue.

DEFEAT OF CARBON POLLUTION REDUCTION SCHEME: TIME TO GET THE DESIGN RIGHT

The failure of the emissions trading legislation to pass the Senate today provides the Australian Parliament with an opportunity to design a carbon pricing scheme that reduces emissions, supports new technologies and protects the competitiveness of Australia?s export sectors. The Government?s Carbon Pollution Reduction Scheme failed to meet these three critical criteria.

CPRS DEAL – A $114 BILLION GAMBLE ON A GLOBAL CLIMATE DEAL AT COPENHAGEN

Today?s deal on the Carbon Pollution Reduction Scheme means it is imperative for the United Nations climate talks in Copenhagen to deliver a binding agreement so that Australia?s exporters are competing on a level playing field and all emitters are taking comparable steps to reduce greenhouse gases. If the Copenhagen meeting fails to deliver, Australian exporters will be saddled with the highest carbon costs in the world while their competitors in both developed and developing nations face no such costs. Without an agreement at Copenhagen global greenhouse gas levels will increase despite Australia?s CPRS.

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