Eight industries get 95 percent free permits
The [Australian] government has released key details of help for eight industries under its emissions trading scheme before a crucial vote on the legislation next week.
The draft regulations released yesterday outline how the government will determine which industries get what rate of help to cushion them from the effects of the emissions trading scheme.
The Department of Climate Change has decided that companies involved in the production of carbon black, methanol, silicon, bulk flat glass, newsprint and zinc smelting will receive 95 per cent of their carbon permits free of charge. Producers of glass containers and white titanium dioxide pigment will receive 66 per cent of their permits free.
Industry will be given free permits based on their "trade exposure" to other markets and the rate of production to carbon emissions, according to a June 20 report in The Age.
Read a blog on cap and trade in the U.S.