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Alternative emission plan to cost less, achieve more.

- Monday, August 10, 2009

The Coalition has today released modelling by Frontier Economics which proposes an alternative to the Australian Governments Carbon Pollution Reduction Scheme, using a 'Baseline and Credit' model. Under the proposal, agriculture would remain exempt from emission coverage, but would be recognised as a supplier of emission offsets.

In a detailed report, Frontier Economics estimates thet the proposed scheme would result in considerably less cost to the nation while achieving equivalent or greater emission reductions. The modelling assumed that the agriculture sector remains uncovered and is only involved as a supplier of emission offsets, although it is not obvious from the modelling what volume of offsets was assumed to come from either agriculture or forestry. The treatment of agriculture under this proposal is similar to that under the US 'Waxman-Markey' legislation.


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