A government proposal to allow international carbon credit trading has buoyed the Australian manufacturing industry, but may have little impact on cutting energy sector emissions.
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| Manufacturers may invest in cheaper offsets, rather than lower emissions technology. |
The manufacturing, smelting and energy sectors - some of the highest carbon-emitting industries in Australia - could look overseas to buy carbon credits to reduce their comparative emission levels without investing in higher-priced domestic carbon credits or lower-emissions technology under a proposal in the Turnbull government's latest climate change policy review.
Read Cole Latimer's story in today’s Melbourne Age - “Heavy industry the winner under new carbon trading proposal.”
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