Australian gov't strikes emission trade deal with opposition
www.chinaview.cn 2009-11-24 12:18:53   Print

    CANBERRA, Nov. 24 (Xinhua) -- The coal industry, electricity generators and farmers are the big winners from an emissions trading deal struck on Tuesday between the Australian government and the opposition leadership.

    As expected, agriculture has been excluded from the government's carbon pollution reduction scheme, the coal industry will get 1.5 billion Australian dollars (1.38 billion U.S. dollars) over the next five years and total assistance to electricity generators will be worth 7.3 billion Australian dollars (6.7 billion U.S dollars).

    However, the ultimate fate of the deal, nutted out between the coalition's chief climate change negotiator Ian Macfarlane and Climate Change Minister Penny Wong, still hangs in the balance.

    Shadow cabinet ticked off on the agreement at a meeting on Tuesday but the joint coalition party room is still considering the deal.

    The meeting will be a major test of Opposition Leader Malcolm Turnbull's authority with the Nationals flagging their opposition to any deal and up to a third of Liberal politicians suggesting they could oppose it.

    Australian Prime Minister Kevin Rudd and Senator Wong said the package, which will cost the budget an extra 204 million Australian dollars (187 million U.S. dollars) over the next four years, was "fiscally responsible".

    It includes extra expenditure of 1.28 billion Australian dollars (1.17 billion U.S. dollars) over the next four years but this will be offset by cuts to the package for households.

Editor: Wang Guanqun
Related Stories
Home World
  Back to Top