The Conversation (0)
Sydney Morning Herald reported that dirty coal producers in Australia may be paid to shut down.
Sydney Morning Herald reported that dirty coal producers in Australia may be paid to shut down.
The market news is quoted as saying:
Just to be sure they can cope, the coal-fired generators are being showered in transitional assistance, by way of free pollution permits. In 2009, it was the Electricity Sector Adjustment Scheme, providing permits worth $7.3 billion over 10 years under the Carbon Pollution Reduction Scheme. This time around it’s just $5.6 billion over five years, more tightly focused on the brown-coal generators, but still generous – and there’s an unspecified amount for closure contracts on top.