The Liberal New South Wales government, major energy users, manufacturers and businesses including BHP Billiton have urged the Finkel review of the electricity market to consider a price on carbon or a market mechanism.
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The Australian Industry group says the Finked review should focus on modernising the electricity system. |
The submissions, released on Friday, add further pressure on the review to recommend a market mechanism to price greenhouse gas emissions, such as an emissions intensity scheme, despite the fact the Turnbull government has ruled out a carbon price or EIS.
A string of peak bodies have already called for market mechanisms, including the National Farmers Federation, the Investor Group on Climate Change and the Business Council of Australia, which explicitly called for an EIS.
Three years ago some of the same groups urged the parliament to get out of the way so that Tony Abbott could repeal the Gillard government’s “carbon tax”.
In its Finkel submission, Australian Industry (AI) group, representing manufacturers and other industries, supported a carbon market mechanism, saying the electricity system urgently needed a clear, efficient and durable climate policy to underpin new investment.
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