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If business must disclose carbon debt, then so should we, says Shaw

Tuesday 8 Sep 20 8:00am

 

THE GOVERNMENT is trying to find a way to calculate the cost of the country’s likely carbon debt – and is considering using revenue from the Emissions Trading Scheme to buy international carbon credits to help deal with it

The scheme has generated $625 million in revenue to date through the use of the fixed-price option, with at least $2.5 billion expected over the next decade when the Government starts auctioning units into the market.

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