Turnbull Government accused of 'negative carbon price'

T

he Turnbull Government has been accused of supporting a "negative carbon price" by standing in the way of the US and Japan as they try to dramatically reduce the ability of rich countries to fund coal plants in the developing world.

Malcolm Turnbull - his government
accused of 'negative carbon price'.

The move has once again prompted claims that the government is risking Australia's international reputation on climate change.

Documents seen by Fairfax Media show Australia has opposed a US-Japan plan that would in effect limit public financing of coal-generated power by Organisation for Economic Cooperation and Development (OECD) countries to only the "cleanest" coal plants available, mostly those classed as "ultra-supercritical" generators.

Read the story in today’s Melbourne Age - “Turnbull government accused of blocking US, Japan plan to reduce coal.”