Original article by Simon Benson, Ben Packham
The Australian – Page: 1 & 4 : 18-Apr-19
The Greens believe that Labor’s greenhouse gas emissions reduction target is too dependent on the use of international carbon credits. Greens MP Adam Bandt has signalled that the party could use its numbers in the Senate to block any legislation that mandates the use of international carbon credits. Meanwhile, some estimates suggest that Australian businesses could be forced to pay up to $25bn to purchase international carbon credits under Labor. This is based on an average price of $50 per carbon credit over the next decade.
CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE, BAECONOMICS PTY LTD, AUSTRALIAN BUREAU OF STATISTICS