Bill Shorten’s new climate change policy asks Australian companies to make a huge effort to cut their greenhouse gas emissions in a way that is certain to come at a massive cost.
The Conservative Party is warning that Bill Shorten's Labor/Green policies will seriously harm the Australian economy, that why it's important you vote for your Australian Conservatives Senate candidate at the May federal election.
Industrial polluters will have to pay to bring down their emissions or buy permits to meet Labor’s ambition to reduce emissions by 45 per cent by 2030, and some of them will have to pass these costs on to customers.
The Labor policy will demand emission reductions from anyone producing more than 25,000 tonnes of carbon every year.
The cost to consumers is not to be dismissed. Companies that cannot reduce their emissions will be able to buy permits, perhaps from companies that succeed in reducing their emissions more than required.
The gas exporters cannot know the cost they will face compared to the cement makers or transport companies.
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