Climate policy will take pressure off budget, Treasury Secretary says

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Penalties for companies who exceed reduced levels of allowable baseline emissions will do more of the heavy lifting in encouraging emissions reductions, says Dr Steven Kennedy. auspol climatechange

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Labor’s proposal to beef-up the Abbott government’s ”safeguard mechanism” on carbon pollution will take significant pressure off the federal budget, says Treasury Secretary Steven Kennedy.

While the previous government chose not to use the safeguard mechanism to drive down allowable emissions, Labor has indicated a willingness to do so to drive net emissions to zero by 2050. Reflecting on more than two decades of climate policy flip-flopping, Kennedy said he remained optimistic, likening progress on climate reforms to the long road before the introduction of Medicare or the GST.

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Australia is 1% global emissions, we are in more danger from China but do nothing ?

Who sets the arbitrary baseline emissions allowable? Do they really want to drive all industry over to China? (Think I answered my own question)...

At least private jets are exempt from emmision reductions.

This is all part of Klaus Schwabs WEF great reset. Do not comply. Resist.

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