3/02/2009 - The federal government needs to put up more money to help the electric power industry make the transition to emissions trading, power generators say.
The federal government plans to provide $4 billion to heavy-emitting industries under its planned carbon pollution reduction scheme, due to begin by July 2010.
But the amount is not enough, a group representing coal, gas, diesel and bio-electricity generators has told a Senate inquiry hearing in Canberra.
The level of assistance must meet industry's expected asset value loss, the National Generators Forum said.
Tuesday, February 3, 2009
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