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Australia: Government rejects $2bn cost scrap carbon pricing

2013-10-10 03:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The federal government has rejected suggestions that it could be forced to pay companies more than $2bn if it presses ahead with scrapping the carbon price before 2015. New analysis from energy advisory firm RepuTex warns that the government could be facing a $2bn bill if companies rush to cash in their freely allocated permits before the carbon price is repealed. Brown coal generators and other high-emitting companies were given free permits to help them get used to carbon pricing, which they...

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