Monday, 4 July 2011

Government 'tinkers' with CRC

Simplifying measures for the CRC have been criticised as 'tinkering around the edges' by business.

Climate change minister, Greg Barker, announced yesterday (June 30) the 'next steps' in simplifying the CRC Energy Efficiency Scheme.

Most notably in the simplification measures the number of the fuels subject to the scheme have been cut from 29 to 4.

A rule which requires CRC participants to account for at least 90% of their total carbon footprint emissions has also be scrapped.

Mr Barker has admitted in the past the incentive element of the CRC was cut to fill a Treasury black hole, but his plans to reform the CRC fall far short of what business leaders had hoped for.

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