The crown accounts show losses on the ETS were $5.39 billion for the eight months, a $2.3b increase on forecasts – a 74% increase.
A temporary cut to fuel taxes was a quick fix. But we need serious long-term solutions for other price increases.
The next step in climate change disclosure rules that were released focuses on emissions and strategies to deal with climate change.
The government has cut fuel taxes even though it has a policy to increase them with carbon prices to change behaviour.