Government's GHG plege will cost many $billions - climate experts

T

axpayers face a multibillion-dollar bill to meet Australia's new pledge to cut greenhouse gas emissions, a leading industry group and climate experts have warned, casting doubt on how the target would be met if economic conditions decline.

The Abbott government rejected the claims, saying the Emissions Reduction Fund, which pays companies to reduce their carbon pollution, is one of several tools to be used to curb emissions. However, several of those measures are still in their infancy and details have not been finalised.

The government confirmed on Tuesday that Australia will seek to reduce the amount of greenhouse gas released into the atmosphere by 26-28 per cent by 2030, based on 2005 levels.

Read the Age story - “Climate experts warn government will spend billions to meet pollution cutspledge.”