Carbon News - Intelligence for the carbon market

Public signals support for scrapping of 1:2 subsidy

Monday 30 May 16 11:00am

Scrapping the one-for-two carbon subsidy has widespread support, if submissions on the current review of the Emissions Trading Scheme are anything to go by.

The Government announced last Thursday that the subsidy, requiring emitters to surrender just one carbon credit for every two tonnes of emissions, will be phased out over three years.

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