Govt does U-turn on ETS settings

Govt does U-turn on ETS settings
After a collapse in carbon price and a judicial knockback, climate change minister James Shaw has got his way on the ETS. (Image: BusinessDesk)
Ian Llewellyn
After a collapse in carbon prices and a judicial knockback, the government has reversed emissions trading settings.The rejection of the Climate Change Commission’s (CCC) advice to tighten emissions trading scheme (ETS) settings late last year – due to inflationary fears – was the first in a series of government moves which resulted in carbon prices collapsing from nearly $90 to below $35.The high court recently ordered climate change minister James Shaw to reconsider the basis for the settings decision saying they didn't r...

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