The proposed Carbon Pricing Scheme - MW 2011
June 01 2011
Brendan Pearson, Deputy Chief Executive
Summary
Australia is walking the plank
Global action has stalled, time is needed to “get it right”
Australia is out of step
The CPRS is completely out of step with current and proposed schemes in the EU and US with its design driven by revenue raising not carbon reduction
CPRS will destroy jobs
The CPRS will fail to safeguard export competitiveness leading to lower investment, job losses and reduced exports
CPRS will siphon funding for abatement technology
The CPRS will divert industry funds from abatement technology development to treasury coffers
Lets find the right solution not the expedient solution
The right solution is the phased approach adopted by all other countries which creates a smooth transition to a low-carbon economy
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