| The coalition could introduce its Direct Action approach to reduce carbon emissions through regulations instead of trying to wrangle the policy through a hostile Senate. As Labor's new shadow ministry held initial talks on how it will handle Tony Abbott's bid to scrap the carbon tax, Environment Minister Greg Hunt opened the door to bypassing Parliament to implement its replacement.
Key elements of Direct Action include setting up a $1.55 billion fund over three years for successful bidders to abate carbon emissions, such as paying farmers to bury emissions, and penalising companies that emit carbon dioxide above a business-as-usual baseline...............................................Full Article: Source |