Australia: Garnaut warns against compensating high-emitting sectors
Australia: Garnaut warns against compensating high-emitting sectors
Business Spectator: Professor Ross Garnaut has warned against handing out compensation to high carbon emitting industries, saying anything but a ‘highly principled’ approach would undermine the efficiency and effectiveness of an emissions trading. Professor Garnaut says all the models currently being proposed to shield and compensate trade-exposed, emissions-intensive industries, are predicated on the belief that nothing is happening elsewhere in the world, that nothing will happen elsewhere in the …
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