Saturday, March 22, 2008

Climate Institute urges help for poor


Some of the billions of dollars to be raised from permits for emissons trading must be used to help low-income earners cope with higher energy costs, the Climate Institute says.

Modelling done for the independent body last year suggested the federal government could earn revenue of between $7-20 billion from the scheme it plans to have operating by 2010.

The amount is calculated on a range of 2020 emissions reductions targets between zero and 20 per cent. The government is yet to set a 2020 target.

See full Article.