“What we are seeing is the conditions in the market moving so quickly that there is a need to rethink the rules with a view to resetting or rethinking Direct Action,” ESAA chief executive Matthew Warren told The Australian Financial Review on Tuesday (23 April 2013)
So, having sat and watched Tony Abbott destroy the bipartisan consensus on the need for a price on carbon from 1 December 2009, having watched him attack Gillard’s Emissions Trading Scheme as a “Great Big Tax on Everything”, the incumbents finally – with Abbott about to become Prime Minister – start to wonder if his so-called ‘Direct Action’ scheme is such a good alternative.
And now they bleat about ‘policy uncertainty’. Remind me to go back and see how many pro-ETS press releases ESAA put out in 2011….
I wish it were unbelievable, but it is all too believable
The quote is from
Priest, M. and Daley, G. 2013. Power firms warn Abbott on carbon. Australian Financial Review, 24 April, p.1
Power companies are demanding the federal opposition rethink its “direct action” plan for reducing carbon emissions, warning that its company baseline approach could be more difficult to operate than Labor’s trading scheme.
The Energy Supply Association of Australia said falling demand for power meant the Coalition must review its energy and climate change policy if it gains power at the September 14 federal election.
The warning comes amid growing support by multinational companies and major business groups for a market-based scheme, such as an emissions trading scheme, linked to the currently low prices set in European and other international markets.
ESSA, which represents big power companies such as Origin, TRUenergy and International Power, has long supported an emissions trading scheme.