Kevin Rudd to offer $1.5bn to big carbon emitters to protect jobs threatened by ETS

This is the kind of thing which an ETS can make happen in a volatile political environment. A tax on the other hand can be better handled.

THE Rudd government is considering doubling compensation to the coal industry to $1.5 billion to protect mining jobs under a carbon emissions trading scheme as public opinion shifts definitively against Australia committing to carbon cuts before the rest of the world.

via Kevin Rudd to offer $1.5bn to big carbon emitters to protect jobs threatened by ETS | The Australian.

Update: Jon Stewart (best newsman in the world) explains what happened to the capntrade bill in the US. Same thing is expected here.

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One thought on “Kevin Rudd to offer $1.5bn to big carbon emitters to protect jobs threatened by ETS

  1. 1.5 Billion on top of everything else he’s promised and failed to deliver. FuelWatch, GroceryWatch, ETS, Health care refore, training and last but not least one and a half million jobless to cap it off!
    Rudd is a dudd and so is his incompetent Government of wanna be losers!

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