Business gives wary support to climate plan

Business groups reacted with cautious support for the Government's carbon emissions reduction scheme, outlined in the Green Paper released today by Climate Change Minister Penny Wong.

The Business Council of Australia warned of the need for a system to underpin sustained economic growth, adding that the absence of a global response makes reducing emissions harder.

"The Green Paper provides the basis for ongoing discussions with the government," BCA president Greig Gailey said. "But the devil remains in the detail in terms of whether the options put forward will achieve the twin objectives of sustaining growth while meaningfully reducing emissions.''

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