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Last-minute fine-tuning as carbon price vote nears

Posted by: Strube on Monday, 10 October 2011

Michelle Grattan reports in The Age “The government has done some last minute fine-tuning to its carbon price scheme before it is passed by the House of Representatives on Wednesday.”

“A number of large fuel users, especially Qantas and Virgin, have said to the government they would prefer to be directly under the scheme rather than, as initially planned, pay the equivalent carbon price through the fuel taxes.”

Grattan goes on to write “The change will be made through opt-in arrangements for large fuel users. Most eligible companies would already be paying the carbon price but there are about 20 more companies for which it would make commercial sense. Opting in will give these firms benefits under the carbon scheme, including access to credits under the Carbon Farming Initiative.”

To read the full article, link here: Last-minute fine-tuning as carbon price vote nears