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LIBERAL PLAN FOR AN EMISSIONS TRADING SCHEME

May 12, 2016

Greg Hunt is peddling a report from Energetics to claim the Government can reach its emissions reduction targets – but has failed to mention this will only happen if the Turnbull Government changes its policies.

The devil is in the detail and the Energetics report says the Government could meet half of its target - not all - and only with changes.

The Energetics report refers to changing the current Emissions Reduction Fund and the safeguards mechanism.

This includes adjusting the scheme to become an Emissions Trading Scheme (ETS) - an ETS that looks very similar to Labor's ETS.

Even energy economist Danny Price, who is not known for his support of Labor policy, has issued the same advice.

So how exactly are Malcolm Turnbull and Greg Hunt going to reach their target?

Malcolm Turnbull told Lateline in 2011 that the Direct Action policy would “…become a very expensive charge on the budget in the years ahead.”

No doubt this is why he allocated no future money to the policy in the 2016 Budget.

Malcolm has two options:

  • Continue with Direct Action and allow pollution levels to keep rising along with the cost to taxpayers.
  • Accept Energetics advice, stop being hamstrung by climate sceptics and adopt Labor's climate change policy in full so we can move forward with an effective and bipartisan plan to reduce Australia's pollution.

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